CENVAT Credit in Service Tax

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krunal (Querist)
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10 March 2009 Dear Sir,
I have a query that how many Percentage i can utiliese cenvat for the same catagory? Is it maximum 20% of total service tax payable of the same catagory?
Krunal Vyas

annapurna

annapurna (Expert)
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10 March 2009 There is no such restriction to utilse credit for the same category service. The mechanism of CENVAT credit of 20% of output service service tax payable is applicable when the provider of service provides both taxable and exempted service and he is not able to determine the CENVAT credit. The above was available till 31.03.2008. There is change in rules from 01.04.2008

krunal

krunal (Querist)
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12 March 2009 What is the change in CENVAT credit rule from 01.04.2008? Can we utilise 100% CENVAT credit against same catagory output Service Tax?

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