Adjustment of Central Excise Duty from Service Tax
This query is : Resolved
03 June 2010
Sir,
I have sufficient credit of service tax which i have received for telephone bills, audit fees, legal and professional charges bills and on domestic sales commission. I want to pay my central excise duty for the month May 2010 from the credit of service tax. Can I pay or not.
Is there any difference for payment of central excise duty if my factory deals in dutiable and exempted goods.
I have sufficient credit of service tax which i have received for telephone bills, audit fees, legal and professional charges bills and on domestic sales commission. I want to pay my central excise duty for the month May 2010 from the credit of service tax. Can I pay or not.
Is there any difference for payment of central excise duty if my factory deals in dutiable and exempted goods.
03 June 2010
Yes you can set off service tax credit against the excise duty payable.
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