MODVAT OF SERVICES TAX
This query is : Resolved
02 July 2008
SIR,
PLEASE TELL ME WHAT IS THE PROCESS OF MODVAT TO SERVICES TAX
SUNIL KUMAR
PLEASE TELL ME WHAT IS THE PROCESS OF MODVAT TO SERVICES TAX
SUNIL KUMAR
02 July 2008
Dear Sunil
The correct word is Cenvat. You can take cenvat credit of service tax paid on input services and adjust the same form Service Tax / Excise liabilities. Cenvat of ST is only available after making full paayment of Invoice.
The correct word is Cenvat. You can take cenvat credit of service tax paid on input services and adjust the same form Service Tax / Excise liabilities. Cenvat of ST is only available after making full paayment of Invoice.
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