Claiming of credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 December 2011
when goods purchased by a manufacturing company they pay freight charges including Service tax. Now I want to know whether this service tax can be adjusted against excise or not. Explain me clearly ASAP with necessary reasons please. Thank You in Advance
U S Sharma
(Expert)
29 December 2011
service tax paid on inward transport of "inputs" can be claimed as input credit provided the assesee is not availing benefit of 8/2003 and subject to provisions of CCR 2004
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