CENVAT Credit adjustment
This query is : Resolved
VIJAYA SARADHI
(Querist)
26 June 2009
Hi,
I need the clarification on the following:
1) We are providing two services viz. Consulting Engineering & Business Support Services. Can we adjust the accumulated credit under Consulting Engineering Service against the service tax payment of Business Support Service? If Yes, how to show it in ST-3 return?
I need the clarification on the following:
1) We are providing two services viz. Consulting Engineering & Business Support Services. Can we adjust the accumulated credit under Consulting Engineering Service against the service tax payment of Business Support Service? If Yes, how to show it in ST-3 return?
Madhukar N Hiregange
(Expert)
26 June 2009
Yes there is no one to one corelation. In one of them you can utilsie the whole credit and if more then balance in the other. Mention that one to one corelation not made for input services as a remark in the ST-3
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