Modvat Credit
This query is : Resolved
Sudheer J. Sarvate
(Querist)
28 April 2008
Sir,
We have paid service tax on input services & claim cenvat credit against renting of immovable property.
But Service tax dept. has taken objection and told us to pay service tax in cash.
So we have paid service tax of the amount of cenvat credit through cheque.
Now my question is that
The cenvat credit which we have earlier claim in the month of July, Aug, Sept, Oct, Nov, Dec, Jan, Feb, Mar can adjust against the payment of excise duty on manufacturing of excisable goods , on 1st april 2008.
We have paid service tax on input services & claim cenvat credit against renting of immovable property.
But Service tax dept. has taken objection and told us to pay service tax in cash.
So we have paid service tax of the amount of cenvat credit through cheque.
Now my question is that
The cenvat credit which we have earlier claim in the month of July, Aug, Sept, Oct, Nov, Dec, Jan, Feb, Mar can adjust against the payment of excise duty on manufacturing of excisable goods , on 1st april 2008.
Sandeep Aggarwal
(Expert)
29 April 2008
Hello sudhir
I am not clear about query.
do you want to take cenvat credit of service tax which u have paid in cash according to the directions of deptt or u r talking about any other input tax.
make it clear first.
I am not clear about query.
do you want to take cenvat credit of service tax which u have paid in cash according to the directions of deptt or u r talking about any other input tax.
make it clear first.
Sudheer J. Sarvate
(Querist)
29 April 2008
We want to take cenvat credit of service tax which we have paid in cash on input services taken in the month of July,Aug,Sept,Oct, Nov,Dec, Jan, Feb,Mar
23 September 2009
Yes, you can take cenvat credit and the same can adjest for payment of excise duty.
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