Input credit
This query is : Resolved
11 March 2013
CAN WE CLAIM THE INPUT CREDIT IN CASE OF ABATEMENT(WE R CHARGING S.TAX ON ABATEMENT BASIS)
11 March 2013
No if you are charging service tax on abatement basis, Cenvat Credit on inputs, capital goods and input services used for providing such service, would not be admissible. It is the general condition mentioned in most of the cases of abatement provided by notification NO. 26/2012-ST dated 20.06.2012
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