Excise credit against on service tax

Yes you can claim for CENVAT Credit  as per CENVAT Credit Rules 2004

You can adjust cenvat credit against service tax except for payment of GTA. i.e., under reverse charge mechanism.

All above Opinions are Correct.

Addition to CA Sivakumar's opinion...

50% Credit in Current year, rest in the next year.

If you are an SSI unit, 100% credit in this year is available.

In case of parts & accessories, 100% credit can be claimed.

Regards,

Prateek

 yes it is availiable 50% current year and 50% next year.