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Service Tax Utilization - GTA inward

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(Querist)
14 July 2009 we are doing payment of the Service Tax on the GTA Inward thru TR-6 challan…. And we also take credit of that much value in our CENVAT register.

I do want to know that whether we can utilize that amount in the other way of the payment i.t. BAS & others?
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
14 July 2009 Credits can be used to pay the central excise duty or service tax on output services.
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Sushma Mevacha

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Sushma Mevacha (Querist)
17 July 2009 Can u pls give the details about the RULE?
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CA.Hanumantha Reddy

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CA.Hanumantha Reddy (Expert)
17 July 2009 Pls ref. Rule 2(l) of CENVAT credit Rules, 2004
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CA.Hanumantha Reddy

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CA.Hanumantha Reddy (Expert)
17 July 2009 Ref Rule 2 (k) of CENVAT credit rules, 2004
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Vishnu Saboo

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Vishnu Saboo (Expert)
17 July 2009 No, the same can be utilized for ED payment and ur output service tax liability and not against BAS.
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Sushma Mevacha

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Sushma Mevacha (Querist)
17 July 2009 Is it said in the rule not to utilise this credit for BAS?
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Rajesh Kumar

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Rajesh Kumar (Expert)
17 July 2009 No. It can be utilized for payment of any output service.
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Sushma Mevacha

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Sushma Mevacha (Querist)
18 July 2009 But BAS is a output service.. right?? so only we can utilize the credit...kindly clear with where as rules applicable..
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CA.Hanumantha Reddy

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CA.Hanumantha Reddy (Expert)
22 July 2009 Pls ref. rule 2(k) and (l) of CENVAT credit Rules, 2004

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