banner_ad

Adjustment of payment of service tax in excise credit

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 July 2013
We are having excise credit of Rs. 5 L from 2003-04 on yarn purchased by us for export, now we have to pay service tax on :-

1. GTA :- As service Receiver under reverse mechanism ( 75% abetment and 25% taxable)
2. We have given our property on rent and we are charging service tax on Immovable Property.

Can I utlise above excise credit in payment of service tax of above two services ?

Pls provide related sec / notifications / case law.
Profile Image

CA Kumar Mukesh

Profile Image

CA Kumar Mukesh (Expert)
11 July 2013
For GTA its clear by wide notification no .... GTA can be paid only by CASH & thereafter it can be used as cenvat

Utilization of Cenvat can't be used for payment of service tax for on Rent

For better understanding You can also read Input Definition under rule 2(K)of CCR 2004 for reference
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details