TaxTMI 
TaxTMI 
cenvet credit urgent query
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....envet credit urgent query<br> Query (Issue) Started By: - shruti gupta Dated:- 19-1-2013 Last Reply Date:- 21-1-2013 Service Tax<br>Got 1 Reply<br>Service Tax<br>Hi, The query is our company is into....
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.... service industry. we are having two units, one of which is 100% EOU and the other one is typically into providing services within India. As one unit (EOU) dont have output service tax, we get rebate ....
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....under cenvat credit for the input service taxes. The other one (domestic) is having output service tax and we claimed cenvat credit on the input service taxes. For Ex: in case of export : Rs.1000 is t....
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....urnover and the input service tax is Rs.100 and in case of domestic service, the output service tax is 120 and input service tax is 60. We claimed Rs 100 as rebate towards export (the input service ta....
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....x paid) and we paid Rs. 60 after availing cenvat credit (120-60). Service Tax dept denied the claim on the basis assessee cant have both the benefits simultaneously. I would request you to help me out....
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.... , if is there any case law available so that our claim can be sustained. Reply By Pradeep Khatri: The Reply: The Department has opted the right approach that both the benefits can't be availed simu....
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....ltaneously. You need to shred any one of the benefits so availed by you. Otherwise you would have to pay the hefty penalties and interest @ 18% p.a.<br> Discussion Forum - Knowledge Sharing ....