CENVAT credit utilised in payment for service tax

vyanku
vyanku Member Posts: 791
edited 2008-04-12 in NAV/Navision Classic Client
We are using SP 2 . We want to utilised cenvat credit amount for the payment of service tax liability .

When we purchase excisable goods we paid excise duty , that credit we want to utilised for the payment of service tax.
How can I do this ?
can any one help me on this issue.

rgds
dhananjay

Comments

  • Deep
    Deep Member Posts: 569
    Just import Hotfix 6. The feature is working well.
    Regards,

    Deep
    India
  • vyanku
    vyanku Member Posts: 791
    Deep
    can you give me details of Hotfix like its number & date of realese?
    is that Hotfix is for SP2 ?
    can you provide the details ?

    rgds
    dhananjay
  • ssingla
    ssingla Member Posts: 2,973
    We can use the functionality in SP2 itself for utilizing cenvat credit as service tax. There is a field on the purchase line "Excise as Service tax", mark it true and the amount of excise will be available as service tax credit.

    17418 of HF2 has provided some good features and it is recommended that you upgrade to use new features of Navision Localization.
    CA Sandeep Singla
    http://ssdynamics.co.in

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