Cenvat credit
Haresh (Article) (47 Points)
12 October 2015
can we adjust bal in cenvat credit education cess against servixe tax liability
ish kumar sharma
(Sr. Manager Accounts & Finance)
(301 Points)
Replied 14 December 2015
no this is not possible
Madhukar N Hiregange
(Chartered Accountant)
(38934 Points)
Replied 15 December 2015
No clear rule on this. The purpose of the scheme is to provide credit and not to deny.
If substantial you can seek clarification in wirting from dept. If no reply then avail. Risk exists.
Niraj Kumar Sinha
(Sr. Officer, SPSIL)
(648 Points)
Replied 15 December 2015
You can utilise only that much balance which you have availed in your credit register after 01/03/2015.
If there is any balance in your register of before 01/03/2015, you can not utilise it.
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