Cenvat credit rule
This query is : Resolved
04 January 2016
Sir,
With ref to above ment. sub. how much amount to be claim under cenvat cerdit.
Exp. if my total tax payable is Rs. 1,00,000/- (On service provide)
And Total service recv. is Rs 3.00 lakh or ST paid rs.42,000/- how many credit available under cenvat.
thanks
With ref to above ment. sub. how much amount to be claim under cenvat cerdit.
Exp. if my total tax payable is Rs. 1,00,000/- (On service provide)
And Total service recv. is Rs 3.00 lakh or ST paid rs.42,000/- how many credit available under cenvat.
thanks
05 January 2016
Are you providing any exempted service. How can you provide 1 lac out put service by utilizing 3 lacs input service.
05 January 2016
You may set off the st payable of 100000 with cenvat of service tax therby paying balance 58000 through challan. such cenvat shall be claim in st-3 return itself. it is also to be noted that u are required to maintain records & register for taking of ccr. no specific format is prescribed however u may make a register containing service provider name registration no. invoice date invoice no. amount of service tax etc.
05 January 2016
I agree with the above reply by oversight I have taken service tax payable as service provided sorry for it.
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