Credit of excise duty against output service tax
This query is : Resolved
10 July 2013
In a company there is manufacturing business and they are paying excise and availing cenvat on inputs used in mfg.
Now there is another business in which they are contractors for government tenders and paying output service tax.
WHETHER THE EXCISE DUTY CREDIT ON INPUT FOR 1ST MENTIONED BUSINESS CAN BE UTILISED FOR PAYING OUTPUT SERVICE TAX ON 2ND MENTIONED BUSINESS?
PLZ REPLY...
Now there is another business in which they are contractors for government tenders and paying output service tax.
WHETHER THE EXCISE DUTY CREDIT ON INPUT FOR 1ST MENTIONED BUSINESS CAN BE UTILISED FOR PAYING OUTPUT SERVICE TAX ON 2ND MENTIONED BUSINESS?
PLZ REPLY...
CA Ayush Agarwal
(Expert)
10 July 2013
Dear Pooja,
if the single company is there, and two different business is there , then its allowed else no.
if the single company is there, and two different business is there , then its allowed else no.
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