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Service tax

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(Querist)
14 March 2012 Dear all,

We are service provider compnay and registered under Service Tax Act. But we are not registered under Excise Rules.

My question is

can we set off excise input credit against service tax (Output)liability?

you are requested to please reply at earliest.
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
15 March 2012 Of course.

You can set off the excise duty paid on Inputs and capital goods used for providing output service.
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Rajiv Kr. Bhardwaj

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Rajiv Kr. Bhardwaj (Querist)
15 March 2012 Thanks....

one more thing i want to know i.e. if we forget to take credit in the first half return, can we take it now, i mean can I avail credit in the next return.
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annapurna

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annapurna (Expert)
15 March 2012 Kindly refer CENVAT Credit Rules which is applicable to both the manufacturer and service provider. In case if the input tax credit is not claimed in previous return then such input tax credit can be claimed in the next half yearly return.
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