I am Carrying the Audit of a hotel, Hotel Has Purchased Some liquor And Paid Excise Duty on Them.And Sold The same After Charging VAT on Them, Can the Input Tax Credit be Availed on Excise Duty Already paid, Against VAT? Please help
yudhisthir (no) (29 Points)
10 October 2012
I am Carrying the Audit of a hotel, Hotel Has Purchased Some liquor And Paid Excise Duty on Them.And Sold The same After Charging VAT on Them, Can the Input Tax Credit be Availed on Excise Duty Already paid, Against VAT? Please help
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 11 October 2012
lliquier is not covered under excise, but its under state excise , and this tax is never allowed for input credit.
CAclubindia
