CENVAT CREDIT
This query is : Resolved
GURSIMER SINGH
(Querist)
10 September 2010
PROBLEM IS THAT IF CENVAT CREDIT IS HIGHER THAN AMOUNT OF TAXABLE SERVICE SO WHAT ARE THE TREATMENT OF THIS CENVAT CREDIT AMT AND ANY EXCEPTION?
CMA Ramesh Krishnan
(Expert)
10 September 2010
Balance can be carry forward next year, and further can be adjusted
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GURSIMER SINGH
(Querist)
10 September 2010
OR THERE IS ANY EXCEPTION IN CASE OF EXPORT OF SERVICES?
OR THERE IS ANY EXCEPTION IN CASE OF EXPORT OF SERVICES?
10 September 2010
In case of export of service, refund for cenvat credit can be claimed.
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Ajay Raghatate
(Expert)
11 September 2010
Balance of Cenvat Credit will be your Op balance of next, year/month
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