Utilization of Cenvat

[Asked by Guest]

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.

AI Summary

Cenvat credit utilization permitted across divisions, but excess interest payments are not adjustable and require refund.
Cenvat credit for a rent service that is common to both Transport and Clearing divisions may be used to meet the service tax liabilities of either division, subject to proper compliance. Excess payments of interest are not adjustable against service tax liabilities and must be claimed through the refund process; by contrast, an excess tax payment (not interest) can be adjusted in subsequent service tax returns in accordance with filing procedures.