14 July 2016
I am a service provider. I have paid ₹ 100000 excise duty on building material used for construction of my office. Would I be able to adjust the excise duty paid with the service tax which I will charge while providing consultancy services to XYZ ltd.
14 July 2016
Is there statement is true for above question
As per CCR rules 2004 if any service provider has paid excise duty on building material used in construction of fixed asset then he may avail cenvat credit on value of service tax payable by him, provided that such fixed asset shall be used for the purpose of providing taxable services