Dear Sir,
I am working in a company, where we have two division one is called Transport and another one is Clearing.
I have received an Invoice towards Rent and I used to utlize that cenvat against Transport division but for the month of Feb 2015 I have made excess payment for Transport DIvision and Now Insted of going to refund I wanted to utilize that cenvat for Clearing division.
I still have not filled service tax retrun.
Can I utilize that Rent cenvat with clearing divsion, is there any specific rule for utlilizing cenvat.
Seeking Advice on Applying Cenvat Credit for Rent Across Divisions; Refund Excess Interest Payment Suggested An individual working in a company with two divisions, Transport and Clearing, seeks advice on utilizing Cenvat credit from a rent invoice. After making an excess interest payment for the Transport division, they wish to apply the Cenvat credit to the Clearing division instead of seeking a refund. Responses suggest adjusting the excess service tax payment in the next return, but clarify that interest cannot be adjusted against service tax payments. It is recommended to apply for a refund of the excess interest, while Cenvat credit for rent can be used for both divisions' liabilities. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
