Cenvat Credit
This query is : Resolved
20 November 2009
my query is that.
I have cenvat credit as follows.
Service Tax 2000
Surcharge 40
Higher Edu. 20
Total 2060
i want to setoff cenvat credit against the recipt of st. i.e.
ST 1000
Sur 20
Hig 10
Total 1030
Can i Set off all the 1030 tax in Credit availabel of ST Rs. 2000
hope you understand
any clarification, Notification on the same please provide the same
thanks
I have cenvat credit as follows.
Service Tax 2000
Surcharge 40
Higher Edu. 20
Total 2060
i want to setoff cenvat credit against the recipt of st. i.e.
ST 1000
Sur 20
Hig 10
Total 1030
Can i Set off all the 1030 tax in Credit availabel of ST Rs. 2000
hope you understand
any clarification, Notification on the same please provide the same
thanks
ANIL JANGID
(Expert)
20 November 2009
yes you can set off.
CA Ravi Sisodia
(Expert)
20 November 2009
i think cenvat credit on ST is used for only ST Liability only. cenvat credit on Surcharge & Higher Edu. cess is used in liability for Surcharge & Higher Edu. cess only.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
