service tax paid on reverse charge be availed to pay excis
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2013
A company is paying service tax on manpwer supply as well as on GTA on reverse charge basis .The company has one branch and factory in same district in the same State.The raw material is received in the factory and after processing ,the finished goods is transferred to the branch in the same district after paying excise.Service tax is paid on freight inward and freight outward on all branches on reverse charge.Can the service tax paid on freight inward and freight outward on reverse charge basis in all branches be utilised to pay excise duty .Please clearify.Thanks in advance.Please explain with a simple and good example. AKEYGEE ACHARYA
04 November 2013
You can use this cenvat creditfor setoff excise duty libility.
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