can we utilise cenvat credit against service tax liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 August 2010
we are manufacture of excise goods and sevice provides.we have excise registation and service tax registration.
can we utilise cenvat credit against service tax liability
can we utilise cenvat credit against service tax liability
11 August 2010
Cenvat Credit on manufacturing activites can be utilised for payment of service tax, since there is no restriction in Cenvat credit rules or CBEC manual- CCE vs Nahar Industrial enterprises ltd (2007)10 STT 117 (CESTAT SMB) - followed in CCE vs Vardhman spinning (2008)14 STT 503 (CESTAT SMB)
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