banner_ad

UTILIZATION OF CANVAT CREDIT (OF EXCISE DUTY)

This query is : Resolved 
Profile Image

Guest

Profile Image

Guest (Querist)
24 May 2011 DEAR SIR

WE ARE MANUFACTURING COMPANY

WE RECEIVED CANVAT CREDIT (OF EXCISE DUTY)
ON INPUT MATERIAL

WE ARE ALSO LIABLE TO PAY S.T. SINCE WE
ARE ALSO PROVIDING OUTPUT SERVICE

Q:- WHETHER WE CAN UTILIZE CANVAT CREDIT
OF EXCISE DUTY)FOR PAYMENT OF S.T. ON
OUT PUT SERVICES


KINDLY ASSIST US ON THE ABOVE MENTIONED QUERY.

THANKS IN ADVANCE

THANKS & REGARDS

UJAGAR CHATURVEDI
Profile Image

Pragnesh

Profile Image

Pragnesh (Expert)
24 May 2011 Yes You can provided that as per rule 2(k) of cenvat credit rule "all goods used in the factory by the manufacturer of the final product or all goods used for providing any output services.
Profile Image

Guest

Profile Image

Guest (Querist)
24 May 2011 HHHHHHHHHHHHHHHHHHHH

IIII


THANKS
Profile Image

U S Sharma

Profile Image

U S Sharma (Expert)
25 May 2011 There is no bar to use the cenvat credit on inputs towards payment of service tax.
Profile Image

Ambadas

Profile Image

Ambadas (Expert)
27 May 2011 No problem.
Cross utilization allowed.
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
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details