Excise and Service Tax
This query is : Resolved
16 February 2011
Difference between Excise and Servicetax for INPUT CREDIT AVAIL...
EXCISE INPUT : is related to production...
Service tax INPUT : is related to business...
KINDLY ADVICE ABOVE THE STATEMENT IS CORRECT OR WRONG....
Advance thanks...
Thanks
Arun
EXCISE INPUT : is related to production...
Service tax INPUT : is related to business...
KINDLY ADVICE ABOVE THE STATEMENT IS CORRECT OR WRONG....
Advance thanks...
Thanks
Arun
CA bhargava
(Expert)
16 February 2011
As per CENVAT credit rules , a manufacturer or a service provider can take the credit of the Central excise and the service tax paid on the input goods and services.
excise is paid on Input goods.
service tax is on Input services.
credit of both can be availed as per the rules
excise is paid on Input goods.
service tax is on Input services.
credit of both can be availed as per the rules
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