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Utilisation of Cenvat on Goods for Service Tax Liability

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(Querist)
15 March 2009
Our company is engaged in manufacturing of Automotive Parts. The company have available Cenvat Credit on purchase of Capital Goods and Inputs for manufacture of goods.

The company have also the registration No. for Consulting Engg. Services under service tax act.

The company has provided a consulting engg. services and hv to make payment of Rs. 10 lac on account of service tax.

My question is whether this amount of service tax liabilty payable by us can be adjusted from Cenvat credit available by us on purchase of Capital Goods and Inputs.
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CA.SHAHZAD SAYYED

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CA.SHAHZAD SAYYED (Expert)
15 March 2009 Since your Co has Service Tax Reg. No. separately and providing services apart from Manufacturing Activites so your Co. can avail Input Credit only on Input Services used for Consulting Engg.
Therefor Co. can not take Cenvat credit for payment of Rs.10 Lac
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