service tax

This query is : Resolved 

12 August 2009 whether counterveiling duty paid on import of tradable goods can be set off against the service tax liablity in the same f.y.whethr other duties like basic duty,ed. cess and SHEcess can alsobe set off.

12 August 2009 The CVD paid is eligible for capital goods used for provding the taxable services 50% in the yr of receipt and 50% in the subsequent years.
The CVD on inputs used in provding the service ONLY is available. Inputs not used in provdiung the service not eligible for credit.


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