we are having excise credit available of last financial year 2008-2009. can we utilize it 100% in this financial year 2009-10 or only 50% can be taken this year ?|||Service Tax is payable on services provided. If the excise credit available with you relates to some other goods manufactured, it can not be utilised for payment of service tax.
For utilising the excise credit, the inputs should have been used in providing such services, on which service tax is payable.|||50% criteria is only if the credit belongs to capital goods purchased.
in all cases 100% credit can be taken|||it should be governed by state excise laws and depends upon central govt package time limit in case of industry.|||ONLY SOME %AGE OF IT...BUT DEPENDING ON THE PROVISONS OF A STATE
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