Input credit of service tax

This query is : Resolved

Smrity (Querist)
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29 April 2017 Dear All,
Hi,

We are a trading company engaged in to trailer parts and recently we have started assembling certain parts which falls under the category of manufacturing . We have Trading, Importer and Manufacturing Excise Reg. No.s

Can we take the credit of service tax against the manufacturing excise . Also can we take credit under the Trading or importer excise . Thirdly can we pass on the service tax to the customers also can we pass on the service tax from trading to manufacturing within the company.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 April 2017 1 Yes credit of service tax can be taken in case of input service for manufacturing.
2 No credit can be taken for trading. For CVD paid on imports credit can be taken.
3 Manufacturing concern can only pass on excise not service tax. Trading can't pass on service tax credit to manufacturing.

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