Cenvat credit on composition scheme

ARUNKALIA (C.A FINAL) (28 Points)

24 July 2015  

Hello friends

Can anyone plz guide me whether CENVAT CREDIT be used for the payment of Service Tax under compostion schemes given under rule 6 of Service Tax Rules like in case of life insurance  business 3.5% premium, and in case of lottery Rs. 8200 or incase of foreign exchange transactions or whether the tax calculated here is required to be paid in cash?

 

Thanking you in advance