What is the difference between availment of credit and utilisation of credit?
2 Replies
CA NITIN AGRAWAL
(Chartered Accountant)
(168 Points)
Replied 11 May 2013
Dear Akash
Availment of Credit means to book the credit of Input and utilisation of credit means use of such credit against liability of excise and service tax at the time of payment of excise duty and service tax
CA rohit swami
(CHARTERED ACCOUNTANT)
(262 Points)
Replied 11 May 2013
AGREED WITH NITIN, AND SAME ANSWER .
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