Dear Sirs
We are providing service of supply of tangible goods to others. In some times we are getting the supply of tangible goods from a some limited company and then providing the service to others. They billing to us with service tax. We are also billing to others with service tax. For Example ours is ‘B’ Concern.
Mr A (Limited Company)Billing to me ‘B’(Partnership Firm) (10000+ ST 1236)= 11236
Ours (‘B’) Billing to ‘C’(Limited Company) (10500 + ST 1298)=11798
Whether it is possible to avail the CENVAT Credit of Rs 1236 and pay the balance of amount (1298-1236) of Rs.52.
Please clarify the same
We Best Regards
S.Mohan