Central excise
This query is : Resolved
Guest
Guest
(Querist)
21 June 2008
Central excise paid on the material can it be taken as a service tax refund for payment of service tax?
plz reply as soon as possible.
plz reply as soon as possible.
22 June 2008
Excise duty paid on Capital Goods(50% each in two years) and inputs(as defined in Cenvat Credit Rules)and used for providing output service can be availed as Cenvat Credit. The credit can be utilised towards payment of service tax.
23 June 2008
At the time of payment of Output Service Tax, one is allowed to deduct the Input tax paid on Cenvatable goods used for the purpose of providing output service
Capital goods - 50% in two years
Other than Capital Goods - 100%
- CA Shailesh
+91 9346946824
Capital goods - 50% in two years
Other than Capital Goods - 100%
- CA Shailesh
+91 9346946824
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Non filing of I T Returns
- UDIN ISSUE
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
