Cenvat credit
Haresh (Article) (47 Points)
12 October 2015
can we adjust bal in cenvat credit education cess against servixe tax liability
3 Replies
ish kumar sharma
(Sr. Manager Accounts & Finance)
(301 Points)
Replied 14 December 2015
no this is not possible
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 15 December 2015
No clear rule on this. The purpose of the scheme is to provide credit and not to deny.
If substantial you can seek clarification in wirting from dept. If no reply then avail. Risk exists.
Niraj Kumar Sinha
(Sr. Officer, SPSIL)
(648 Points)
Replied 15 December 2015
You can utilise only that much balance which you have availed in your credit register after 01/03/2015.
If there is any balance in your register of before 01/03/2015, you can not utilise it.
Recent Topics
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
Related Threads
CAclubindia
