Article Assistant
36 Points
Joined November 2015
As per the FAQ issued by the CBEC it is hereby clearify that credit of SBC is not allowed and CENVAT shall not be allowed to pay service tax.
Following are the wording used by CBEC :
SBC is not integrated in the Cenvat Credit Chain. Therefore, credit of SBC cannot be availed. Further, SBC cannot be paid by utilizing credit of any other duty or tax.