Cenvat Credit
This query is : Resolved
CA.CS.V.Viswanathan
(Querist)
06 February 2010
Respected Experts,
A Company has service tax input credit of 2,00,000,00/- after setoff of service tax payable every time . Can the company start an another service different from the old and claim the input credit of the old one??
pl clarify with necessary case laws..
A Company has service tax input credit of 2,00,000,00/- after setoff of service tax payable every time . Can the company start an another service different from the old and claim the input credit of the old one??
pl clarify with necessary case laws..
Madhukar N Hiregange
(Expert)
07 February 2010
Certainly the company can do so as there is no one to one correlation in ST. Credit of one service can be utilsied by another.
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