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TMI BlogUtilization of cenvat creditX X X X Extracts X X X X X X X X Extracts X X X X ..... Utilization of cenvat credit X X X X Extracts X X X X X X X X Extracts X X X X ..... nly 25% of such turnover as Service tax. My Query is that whether i can utlize the credit earned by me from other taxable Services provided by me for paying the Service tax arising out of Construction Activity which is under abatement benefit. Are there any Noti. TRU or ciculars for its clarity???? thanks in advance RASAP Parth kapoor Reply By rakshit verma: The Reply: your query is vague. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... You can not avail credit against taxable services provided by you. Further proviso to the Nofn.1/2006-ST, prohibits the credit of service tax on input services used in providing taxable services. Rakshit verma Reply By Vartik Choksi: The Reply: Sir , I have clearly stated that can i utilize the credit for paying the Service tax on Construction Activity give that i am also into abatement benef ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it for the Construction activity It is imp to note that the credit earned by me for supra is not on the construction activity but it is from other activity Thanks Regs Parth Kapoor Reply By Dilip Darji: The Reply: Dear Sir. There is no one to one relation for the Service Tax Credit earned by you. CENVAT credit earned by you on any Services are credit to CENVAT Credit Pool and you can very w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ell utilise the same towards payment of any Service Tax except on GTA. X X X X Extracts X X X X X X X X Extracts X X X X
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