What is Cenvat credit and Its role in Service tax.?
Sunil Chugh (Sr. Executive) (28 Points)
17 October 2011What is Cenvat credit and Its role in Service tax.?
Rakesh
(Executive- Commercial & CMA final student)
(179 Points)
Replied 17 October 2011
Cenvat credit means u can avail set off of service tax paid on input services..Its similar to Cenvat in excise..
ACMA Obulirajan R
(M.Com, ACMA)
(1119 Points)
Replied 17 October 2011
You can take credit on input service tax paid when you pay excise duty (if you are a manufacturing com.,) or on output service tax (if you are a service provider).
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