How to show Cenvat credit in St-3 , Service Tax

[preeti]

The input tax can be cliamed only 20% of output service so in the ST-3 we should show in availed cenvat credit , full of 100% and den utilise 20% of output tax or in the column availed we should show 20% elegible only. Thx

Posts / Replies

[Surender Gupta]

The cap of 20% is on utilization of Cenvat Credit and not on availing Cenvat Credit and therefore, you should show the 100% amount in the column credit availed.