TaxTMI 
TaxTMI 
THIS IS WITH REFERENCE TO THE SUBMISSION OF SHRI ANIL BAHI. THE UNITS HAVING SERVICE TAX REGISTRATIONS ARE MERGED AS FOUR CENTRALISED UNITS THEY CAN TRANSFER THE CREDIT AND CAN AVAIL THE CENVAT CREDIT.
Availment of Cenvat credit after transfer
07 Dec 2008 
2 Replies 
1634 Views Asked by
Cenvat credit transfer: merged service tax units can transfer and utilise closing credit balance under applicable rules.
When multiple service tax registered units are merged into centralised units, the transferee may receive and utilise the closing balance of Cenvat credit from the merging units by effecting the transfer under Rule 10 of the Cenvat Credit Rules, 2004; pending statutory form filings were also queried as a related compliance issue. (AI Summary)
When multiple service tax registered units are merged into centralised units, the transferee may receive and utilise the closing balance of Cenvat credit from the merging units by effecting the transfer under Rule 10 of the Cenvat Credit Rules, 2004; pending statutory form filings were also queried as a related compliance issue. (AI Summary)