output liability adjustment
This query is : Resolved
12 December 2010
Hi
my firm is registered for two taxable services. one is Business Auxilliary Services and other is servicing of motor vehicle. In second service my firm is having service tax output liability. but in first service there is no tax liability. Can i adjust my input of one service in other taxable service.
pls tell me yes or no ? if yes then how
my firm is registered for two taxable services. one is Business Auxilliary Services and other is servicing of motor vehicle. In second service my firm is having service tax output liability. but in first service there is no tax liability. Can i adjust my input of one service in other taxable service.
pls tell me yes or no ? if yes then how
Madhukar N Hiregange
(Expert)
12 December 2010
There is no one to one corelation under cenvat credit. The credit basket is one and sepeartion between the services not required.
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