Input of excise duty paid on steel and cement purchase
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 June 2014
whether a builder can avail of input of excise duty paid from service tax output in the construction business please reply this question with section or rule and case law also if relevant for this question.
13 June 2014
No the Cenvat credit of excise duty paid on inputs is available and the same cannot be adjusted wile paying output ervice tax.
Please refer to explanation 2 of Rule 2A(ii) of Valuation Rules.
Please refer to explanation 2 of Rule 2A(ii) of Valuation Rules.
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