Service Tax Credit

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..... Service Tax Credit
Query (Issue) Started By: - Shaan Shaan Dated:- 1-3-2017 Last Reply Date:- 1-3-2017 Service Tax
Got 3 Replies
Service Tax
Hello Please tell me, we have a manufacture unit & having excise registration. My question is that, can we take service tax credit against excise duty payable ?? We don't have service tax registration only excise registration is there. Ple .....

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..... ase tell me if we takes service tax credit against excise payable under which section or notification or circular Regards, Shaan Pune Reply By KASTURI SETHI: The Reply: Dear Querist, Under Rule 3 of Cenvat Credit Rules, 2004, you can take credit of Service Tax PAID and NOT on the basis of payable. W.e.f. 1.9.2004, Cenvat credit can be taken across the board. CE duty paid can be taken in Servi .....

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..... ce Tax and vice versa. Only for availing credit of ST paid, registration is not required. In case service is under RCM, Service Tax registration is required. Reply By YAGAY AND SUN: The Reply: It is settled legal position that for availment of CENVAT credit Registration is not required. However, under RCM you need to get the ST Registration first and then you can avail the CENVAT credit provided .....

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..... according to the provision of CENVAT credit Rules, 2004 as amended from time to time. CENVAT credit of Service Tax and Excise duties can be cross utilized. Reply By Ganeshan Kalyani: The Reply: I support the views of the expert. Also eligibility of the service tax credit need to be analysed before availing the credit.Thanks.
Discussion Forum - Knowledge Sharing .....

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