Can Cenvat credit be carried forward to next FY.
Can Cenvat Credit against one Service / Head be adjusted against another Service / Head.
Eg can the service tax paid on Tel bill be adjusted against the stax collected towards training, wherein the business of the company is training and coaching.
Please clarify the above.
Thanks
YES TO BOTH Q U ASKED...SUBJECTTO CENVAT CREDIT RULES,2004 
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Final
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M N Rao & Associates LLP
Vijayawada
CA Inter
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ADY & CO.
New Delhi
Graduate (Any)
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Varma Raja & Associates
Thrissur
CA Inter
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CCI
Pro
CAclubindia
