Wheather Company can show same Cenvat Credit amount (input service ) on both ER-1 and ST-3 while online return file.
5 Replies
Raginee Goyal
(Chartered Acountant & Indirect Tax consultant)
(27 Points)
Replied 15 May 2012
Query not clear. If showing means utilizing for payment, payment of both service tax and central excise duty for one amount of credit, cannot be done, Payment thorugh credit can be made only once.
If otherwise intended, kindly pronounce query clearly
CA Sanjay Kumar
(Partner)
(63 Points)
Replied 15 May 2012
Our Company has registred under Central Excise Act & also obtained service tax registration.As per ST-3,we are showing the only input service on cenvat credit column but while online ER -1,point no 5 details of cenvat credit taken and utilized,credi taken on input service is there , so my doubt is whether Cenvat credit(input service taken) on ST-1 can show again on ER-1 on point no 5 cenvat credit taken and utilized.
Raginee Goyal
(Chartered Acountant & Indirect Tax consultant)
(27 Points)
Replied 15 May 2012
If no output service payment made through such input service credit, you can use, else you cannot.
Pinky Agarwal
(Chartered Accountant)
(426 Points)
Replied 16 May 2012
As per my understanding Inputs, input service and Capital goods utilised by you for payment of excise duty will be shown in excise return..
Regards,
Pinky Agarwal.
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