Can we utilize credit amt in next year?
This query is : Resolved
Sachin Sabale
(Querist)
14 June 2009
Thanks in advance,
We have manufacturing unit Also we provide services against repairs & maintenace and so we collect service tax on it. As per our ST returns we have Rs30,000 credit as on 31.03.2009 (2008-09).
i would like to know can we utilised this amount to pay Cenvat in this year (2009-10)
Plz guide us
regards
We have manufacturing unit Also we provide services against repairs & maintenace and so we collect service tax on it. As per our ST returns we have Rs30,000 credit as on 31.03.2009 (2008-09).
i would like to know can we utilised this amount to pay Cenvat in this year (2009-10)
Plz guide us
regards
14 June 2009
Yes, you can utilise the amount in 2009-10.
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