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Payment of service tax by adjusting credit on input services- reg

Service Tax - Started By: - vinay wakde - Dated:- 5-12-2015 Last Replied Date:- 6-12-2015 - We are manufacturer as well as service provider. We have having our owned Barges & Tugs and sometimes we are giving these barges & tugs on hire. We are paying service tax under service category Supply of Tangible Goods for output service provided by us. Presently, the CENVAT credit on all input services accumulated during the month is adjusted for payment of Excise duty and we are making e-payment .....

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e credit taken on input service for payment of service tax on output service? Regards, VINAY - Reply By Rajagopalan Ranganathan - The Reply = Sir, Q: 1: -Rule 3 (4) (a) states that CENVAT credit may be utilized for payment of any duty of excise on any final product. therefore no one to one correlation between inputs/input service is required to be establish with output (manufactured final products)/output services. Q: 2: - Yes. Q: 3: - No. However you have to furnish the extract of the credit ac .....

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