Input credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2014
Dear sir
Can i adjust input credit VAT to Service tax
Can i adjust input credit VAT to Service tax
02 December 2014
the ans is no as servcie tax credit is allowed for cat payable if ur state vat law allows u
02 December 2014
Dear Service tax is collected by Central Govt.and VAT is collected by state Govt.
Therefore, you cannot assume that these two can compensate each other
Therefore, you cannot assume that these two can compensate each other
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