Credit of service tax
This query is : Resolved
30 November 2011
Dear sir,
Please provide the details of availabilty of credit against the service tax or not for the following
1) countervalling duty
2) additional duty for import
Thanks
in advance
Please provide the details of availabilty of credit against the service tax or not for the following
1) countervalling duty
2) additional duty for import
Thanks
in advance
30 November 2011
As per Rule 3(7)(b)of CENVAT credit Rules, 2004, cenvat credit in respect of CVD u/s 3(1) (equivalent to duty of excise) and SAD u/s 3 (5) (equivalent of VAT) of Customs Act 1962 can not be utilized for the payment of service tax.
Thus on the basis of above fact and provision you can't utilize credit of CVD and additional duty for import against payment of service tax.
If u r satisfied by my reply then say thanks by clicking on "THANK USER".
Thus on the basis of above fact and provision you can't utilize credit of CVD and additional duty for import against payment of service tax.
If u r satisfied by my reply then say thanks by clicking on "THANK USER".
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