Category is service tax and vat
Querist : Anonymous
we registered under Maharashtra VAT ACT
Business:
we are importer and distributor of wrist watches. ( Retailer and wholesaler)
at the time of import we pay Customs Duty, Counter veiling Duty (CVD) and SAD,
Can we treat it as Input Taxes or Duty
1. After that at time of selling the merchandise we collect 12.50% vat local and 2% OMS sales.
2. we have hired a space in Mumbai, for that on rent we are paying service tax the land lord.
My query: Can we take set off os Service tax paid on rent of the premises hired for business against Customs duties and CVD.
because these are central government charges.
Please advise.
Querist : Anonymous
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