About service tax credit
This query is : Resolved
Sabir Ali Mullick
(Querist)
30 May 2012
Dear Sir
Please inform me whether excise input adjust with service tax output, if service tax registration under WCT.
Please inform me whether excise input adjust with service tax output, if service tax registration under WCT.
CA Harish Suwalka
(Expert)
30 May 2012
the excise and service tax paid on inputs and capital goods can be claimed as CENVAT credit.
and validly availed CENVAT can be used to pay excise or service tax...
so your answer is YES
and validly availed CENVAT can be used to pay excise or service tax...
so your answer is YES
31 May 2012
Wct service has 3 options one where service tax credit cannot be,availed if composition scheme is being persued. You need to clarify if your are availing abatement, if your ans is affirmative then credit cannot be availed
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