Input credit-excise charged in vendor invoice-top urgent
This query is : Resolved
29 April 2010
Dear,
We are a service industry where in no excise duty is payable to the govt by us, but are we allowed to take the input credit of the excise duty charged by the vendor as we normally take the input credit of service tax.
We are a service industry where in no excise duty is payable to the govt by us, but are we allowed to take the input credit of the excise duty charged by the vendor as we normally take the input credit of service tax.
CA Sanjay Jha
(Expert)
29 April 2010
Yes
U have to take credit of excise duty as input tax vs output tax i.e. service tax
U have to take credit of excise duty as input tax vs output tax i.e. service tax
CMA Ramesh Krishnan
(Expert)
29 April 2010
yes.Excise duty can be adjust against Service tax payment
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