Service Tax Balance

[MITSUI PRIME ADVANCED]

Dear Sir,

I come to know that our unit is manufacturing unit at alwar and we have already registered under ISD at gurgaon office , and we have only one service provider in the category of Management Service under sub Section 105 of Finance Act 1994. We have properly submitted our Excise return and Service Tax return, in the case of Excise Return ER-1 show service tax Credit Balance balance and when we have filied our service tax return show properly Service Tax Credit (CENVAT ) Balance both area same. who is already show in Excise Return at Service tax coloum.

in this case i am right or wrong. Or any rule or section please advice .

Regards

Arjun SAchdeva

AI Summary

CENVAT credit reporting: reconcile ISD distributions and disclose credits across returns when credits fund both excise and service tax.
Whether the CENVAT credit balance must match between Excise and Service Tax returns depends on activities and ISD use: manufacturers may report CENVAT in Excise returns and omit it from Service Tax returns if the credit is used only for manufacture and not to discharge service tax liabilities; if the taxpayer also provides taxable services or uses CENVAT for service tax, and if credits flow through an ISD, all ISD distribution details and the unit's CENVAT balance must be disclosed and reconciled across both returns.