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input credit

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(Querist)
15 January 2009 What is input credit on service tax & CENVAT Credit?
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BALU V

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BALU V (Expert)
15 January 2009 Both are same and asper CENVAT Credit Rules, 2004
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Jitender

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Jitender (Expert)
15 January 2009 input credit is the amount of tax we have paid while receiving goods & services that can be set off against payment to be made of excise / service tax.
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Debasish

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Debasish (Querist)
21 January 2009 Thank u sir for ur reply. Plz help me in futre in the same way.
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