Cenvat credit queries

Ravishankar K (Accountant) (461 Points)

26 May 2013  

Can Cenvat credit be carried forward to next FY.

Can Cenvat Credit against one Service / Head be adjusted against another Service / Head.

Eg can the service tax paid on Tel bill be adjusted against the stax collected towards training, wherein the business of the company is training and coaching.

 

Please clarify the above.

Thanks