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Cenvat credit

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(Querist)
10 July 2012 can i take cenvat credit if service tax charges on me are less than 12.36%

suppose i make invoice and i charge service tax @ 12.36%

but i received a bill on which service tax charged @ 7.42%

so than can i take the benefit of service tax @ 7.42%

please also give the notification detail
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CA Harshit Rastogi

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CA Harshit Rastogi (Expert)
10 July 2012 Yes u can....
law doesn't provide any restriction on this so there is no need fr any notification...

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