banner_ad

Service Tax return

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 July 2010 What is the meaning of the Input credit availed & input credit utilized.

Is availed means the amount eligible for cenvat credit being credited in the books( but the payment has not been made)

& Utilized means that how much out of availed has been paid during period & hence is eligible for deduction.
Profile Image

Ram Avtar Singh

Profile Image

Ram Avtar Singh (Expert)
22 July 2010 Input credit availed meens duty/service tax on input items/service

input credit utilized meens duty setoff by output libility
Profile Image

Akhil Agrawal

Profile Image

Akhil Agrawal (Querist)
22 July 2010 if i have credited a bill but has not paid. will in the s.t return the credit on same will be shown & if yes it is to be shown then will it be the utilized or the availed credit.
Profile Image

Nirpendra Singh

Profile Image

Nirpendra Singh (Expert)
22 July 2010 No
Only in the case of S. T. you can avail the amount of credit only after actual payment not on the basis of bill booking.
Profile Image

CA Sanat Pyne

Profile Image

CA Sanat Pyne (Expert)
22 July 2010 Service tax credit can only be availed on payment basis.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details