TaxTMI 
TaxTMI 
Can the cenvat credit ( Input or Capital ) utilise for the payment of service tax by an Export unit.
cenvat credit utilisation for sevice tax payment
25 Aug 2011 
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Cenvat credit can be used to discharge service tax obligations for export units, reciprocal use permitted.
Export units are permitted to utilise Cenvat credit (input or capital goods) for payment of service tax; the arrangement is reciprocal and credits under the service tax mechanism may likewise be applied against other related indirect tax liabilities as permitted by the credit regime. (AI Summary)
Export units are permitted to utilise Cenvat credit (input or capital goods) for payment of service tax; the arrangement is reciprocal and credits under the service tax mechanism may likewise be applied against other related indirect tax liabilities as permitted by the credit regime. (AI Summary)