cenvat credit utilisation for sevice tax payment

[Guest]

Can the cenvat credit ( Input or Capital ) utilise for the payment of service tax by an Export unit.

[SANTHANA KRISHNAN]

yes and vice versa is also permitted

AI Summary

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.