What is cenvat credit and what is the role of cenvat credit in service tax?
Asked by ANTHESHWAR JADHAV, 04 Sep '12 12:47 pm
Earn 10 points for answering
CENVAT (Central Value Added Tax) credit is the the set off of the duty paid on inputs and capital goods and also service tax paid on input service against the Excise duty on final products or service tax o input service.Answered by Psycho, 04 Sep '12 12:51 pm
Your vote on this answer has already been received