Service Tax Input Credit Utilized, Central Excise

[MUNIRAJ SRINIVASAN]

Dear Sir,

My client have Service tax Input credit  of Rs. 42 Lakhs and he had utilized for payment of excise duty, supt of central excise he wants what basis you have utilized and what provision kindly explain

Posts / Replies

[PAWAN KUMAR]

As per my view, Cenvat credit whether taken on Input, Capital Goods & Input services can be utilized for the payment of excise duty on goods or service tax on any output services as per rule 3(4) of the CENVAT Credit Rules,2004 under common pool.  

[Advocate Selvakumar]

Advocates, property advocates in Bangalore, property lawyers in Bangalore

S. Selvakumar, M.A.,M.B.A.,LL.M., is one of the leading Advocates in Bangalore and he has been rendering useful legal services to the public since 1984 by enlightening them about the intricacies involved in property transactions.

 

 

 

 

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http://advocateselvakumar.com

[Ashok Jogalekar]

Once the services on which credit is availed are in relation to the manufacturing either directly or indirectly, then, there is no restriction for its use and can be used for payment of excise duty as provided in the CCR 2004.