Input service tax is adjusted aganist excise output
This query is : Resolved
05 July 2013
Dear Friends,
Paying service tax only on 25% of the freight value.(Input)
This service tax is again adjusted while paying Excise Duty
example: Freight cost Rs 100 -- 25% - Rs 25 * 12.36% ST = Rs 3.09
While paying our ED we can deduct this Rs 3.09 and then pay the remaining ED amount.
Paying service tax only on 25% of the freight value.(Input)
This service tax is again adjusted while paying Excise Duty
example: Freight cost Rs 100 -- 25% - Rs 25 * 12.36% ST = Rs 3.09
While paying our ED we can deduct this Rs 3.09 and then pay the remaining ED amount.
05 July 2013
You can utilise these cenvat in regards to paying of excise duty.
05 July 2013
Thank u sir,
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