INPUT Credit
This query is : Resolved
Sikandar Kumar Dubey
(Querist)
29 January 2011
Case:- Name of the Co :- NP ltd
There is 2 branch- A & B
Brach A is constructing a power house and service tax is charging from its client and paid to Govt. Branch B is constructing Bridge on BOT basis, The Br B has paid service tax to its Client on consultancy charges and also pay Exice Duty on purchase of Construction material.
Q.:- 1. the co NP ltd can adjust the input (Service Tax & Excise) of Br B with Br A.
There is 2 branch- A & B
Brach A is constructing a power house and service tax is charging from its client and paid to Govt. Branch B is constructing Bridge on BOT basis, The Br B has paid service tax to its Client on consultancy charges and also pay Exice Duty on purchase of Construction material.
Q.:- 1. the co NP ltd can adjust the input (Service Tax & Excise) of Br B with Br A.
Selvakumar Selvaraj
(Expert)
31 January 2011
If you are able to prove that the input service tax/excise duty utilized in provision or production/manufacture of excisable output, there is no bar in enjoying the benefit of input credit.
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