DIFFERENCE
This query is : Resolved
10 March 2009
I HAVE A QUERY ABOUT WHAT IS THE DIFFERENCE BETWEEN THE CREDIT TAKEN AND UTILISED IN SERVICE TAX FORM ST-3.
11 March 2009
The terms are difficult to define. Normally i do not try to define these terms. I remember that we have not been able to define the terms such as "law" or "manufacture" or "service".
It looks like it means taking book entry of credit is taken and utilising it for payment of duty is to utilise. I take support from Cenvat credit rules where these terms has been used in this sense- one rule for taking credit, another for utilising credit.
It looks like it means taking book entry of credit is taken and utilising it for payment of duty is to utilise. I take support from Cenvat credit rules where these terms has been used in this sense- one rule for taking credit, another for utilising credit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- Taxation on LTCG for property sold after 24JUL2024
- GST ON DAMAGED GOODS
- Tax liability on income of freelancer
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
