Can setoff be taken


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Querist : Anonymous

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Querist : Anonymous (Querist)
16 August 2013 I have incurred expenses for my new showroom and as the work is completed I am going to capitalised that expenses so now while paying service tax, can I take service tax set off??? As I am paying TDS on the above expense

17 August 2013 Yes, you can take CEnvat credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 October 2013 So Sir should I capitalised even service tax component or not???

03 October 2013 If you are taking CENVAT credit, meaning thereby, reducing the cost incurred and hence no question of capitalisation to that extent


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