Service Tax payment through Excise Credit
This query is : Resolved
08 September 2010
Dear all.
We have a Excise Credit angainst capital item as well as on raw material purchase.
Our current production is slow down and we are also doing labour work for other customer. In which we will made service charged invoice to our customer.
Now weateher we can utilise our those excise credit against payment of service tax aginst our service charged invoice? If yes that under which rule we can do this?
Your reply is helping me a lot.
Regards
Tarun Patel
Accountant
Shiv Engg - Vadodara
We have a Excise Credit angainst capital item as well as on raw material purchase.
Our current production is slow down and we are also doing labour work for other customer. In which we will made service charged invoice to our customer.
Now weateher we can utilise our those excise credit against payment of service tax aginst our service charged invoice? If yes that under which rule we can do this?
Your reply is helping me a lot.
Regards
Tarun Patel
Accountant
Shiv Engg - Vadodara
11 September 2010
As per Rule 3(4) of Cenvat credit Rules, you can utilise the cenvat credit lying with you for payment of service tax on output service also.
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