Credit of Additional Duty of Custom u/s 3(5)
This query is : Resolved
23 August 2008
Can a service tax provider take credit of Additional duty of custom u/s 3(5) under Custom Tariff Act for paying service tax collected
23 August 2008
No,
Additional duty of custom can not be taken as input credit only CVD can be taken as credit by service tax provider.and also cvd paid on capital item can be taken as input credit by a service provider the credit can be taken in two installment 50% in which year purchased or used and bal 50% next financial year
Additional duty of custom can not be taken as input credit only CVD can be taken as credit by service tax provider.and also cvd paid on capital item can be taken as input credit by a service provider the credit can be taken in two installment 50% in which year purchased or used and bal 50% next financial year
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
