Cenvat taken on service tax input
Nitin Sewal (Audit Assistant) (69 Points)
03 June 2016Nitin Sewal (Audit Assistant) (69 Points)
03 June 2016
Vikas
(CA)
(1135 Points)
Replied 03 June 2016
Cenvat credit once availed, should be available against both i.e., Excise and Service tax.
Vikas
(CA)
(1135 Points)
Replied 03 June 2016
Cenvat credit once availed, should be available against both i.e., Excise and Service tax.
Nitin Sewal
(Audit Assistant)
(69 Points)
Replied 03 June 2016
Thanks for your answering. Please let me know how to enter CENVAT taken on Service tax input in both Return ER-1 as well as ST-3.
Nitin Sewal
(Audit Assistant)
(69 Points)
Replied 03 June 2016
ANd if you refer any rule, section or notification, which confirm the above, that would be very benefitial.
Vikas
(CA)
(1135 Points)
Replied 03 June 2016
Nitin, you need to refer to Rule 3(1) which specifically mentions the list on what the Cenvat credit can be taken. Further, in relation to disclosure in the returns just confirm the previous stands taken by your organisation, as you stand should not deviate from your previous stands. Else, the said Cenvat credit should be availed and utilised in the return pertaining to the tax / duty.