Utilisation of Service Tax Input Credit
This query is : Resolved
22 December 2009
Dear,
Pl suggest how we can utilise CENVAT credit of input service for payement of excise duty liability in case of manufacturer.
1 We maintain input service register for CENVAT credit availed. But we are not output service provider.
2 Can we transfer credit balance of CENVAT of input service register to RG 23 for payment excise duty?
3 If yes, should we transfer balance lying on month end or quater end?
Pl suggest how we can utilise CENVAT credit of input service for payement of excise duty liability in case of manufacturer.
1 We maintain input service register for CENVAT credit availed. But we are not output service provider.
2 Can we transfer credit balance of CENVAT of input service register to RG 23 for payment excise duty?
3 If yes, should we transfer balance lying on month end or quater end?
Madhukar N Hiregange
(Expert)
23 December 2009
RG is no longer specified. The service tax credit can be taken along with centralk excise credits. You can transfer the credit immediately into.
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