Vces scheme

694 views 1 replies

Dear Sir,

The query is ;

01. Is Service receipient eligible to CENVAT credit of the tax paid under VCES scheme?.

02. Can  CENVAT credit is eligibile for payments of taxe dues under VCES scheme?.

03. Can CENVAT credit be adjusted in making the declaration under VCES sCHEME?. Example : If have  Rs. 3 laks liability and Rs. 1 lakh cenvat ia available in the books as same period of scheme, can I adjust and pay balance of Rs. 2 lakhs only?.

Please clarify?.

 

Replies (1)

Cenvat Credit cannot be used for making any adjustment for the dues payable under VCES.

In your example, you need to pay 3 lakhs, & cant set off cenvat credit of 1 lakh.

However the cenvat credit can be utilised to pay future service tax liability.

 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details