Dear All,
There are two different activities of an assessee which are not related to one another i.e., Taxable service, Manufacturing Goods.
Can Credit availed on input service related to output service be which is under one registration number of the assessee be set off against output excise duty liability with different registration number of the same assessee.
Cenvat Credit on Input Services Can't Offset Excise Duty for Unrelated Activities Under Different Registrations An individual inquired whether Cenvat credit availed on input services related to output services under one registration number could be used to offset excise duty liability under a different registration number for the same assessee, given the activities are unrelated. A company responded, clarifying that since the two activities are separate and unrelated, the Cenvat credit on input services cannot be utilized against excise duty liability. Instead, it is advisable to use the credit against the output service. (AI Summary)
TaxTMI 
TaxTMI 
