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Anybody tell me What is Credit Availed, Credit Utilized &
Credit Balance In service tax.

Question Posted / honnurappa a


Anybody tell me What is Credit Availed, Credit Utilized & Credit Balance In service tax...

Answer / durga prashad

Credit Availed is credit availale for settlement
Credit Utilized is the amount which you have adjusted for
payment of service tax.

Credit balance in service tax is difference of credit
availed and credit utilized.

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