Cenvat creit utilization
This query is : Resolved
25 December 2013
Dear all,
We have purchased goods from manufacturing unit on which excise is charged. We have rented same goods to another party on which service tax is charged. Can we avail excise CENVAT against SERVICE TAX? We are not registered under excise. but registered under SERVICE TAX
please help me out how do I go further.
Appreciate co-operation for the same
We have purchased goods from manufacturing unit on which excise is charged. We have rented same goods to another party on which service tax is charged. Can we avail excise CENVAT against SERVICE TAX? We are not registered under excise. but registered under SERVICE TAX
please help me out how do I go further.
Appreciate co-operation for the same
04 January 2014
Yes. As per rule 4 of Cenvat credit rules, you can utilize the Cenvat Credit of Excise for the payment of Service Tax
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