output liability adjustment

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kanika (Querist)
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12 December 2010 Hi

my firm is registered for two taxable services. one is Business Auxilliary Services and other is servicing of motor vehicle. In second service my firm is having service tax output liability. but in first service there is no tax liability. Can i adjust my input of one service in other taxable service.

pls tell me yes or no ? if yes then how

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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12 December 2010 There is no one to one corelation under cenvat credit. The credit basket is one and sepeartion between the services not required.

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