Machinery imported
This query is : Resolved
jagannath iyer
(Querist)
22 December 2015
We are registered under Service Tax . Recently, we have Imported a Machinery from Germany for Rs.52,00,000/= in which we have paid CVD & Addn Duty. Can we avail any exemption or any kind of set-off under Service tax act., If not, kindly let us know, any benerfit available under any other Act.,
Guest
Guest
(Expert)
24 December 2015
Yes. but since it is capital goods, you can only claim 50% in first year and balance in next year.
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