My client (a banking concern) is taking cenvat of computer and sofware AMC. Cenvat amount is more than my tax liability. My question is, in this case do i need to pay any tax other than education cess, other question is can I carried forward cenvat to other F/y?
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Cenvat credit
Replies (1)
Dear Mr. Raman,
Definately, you can adjust that credit for making of payment as computers were used for providing output taxable services.
Balance if any, please carry forward the same.
Thanks
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