Service Tax Set Off

This query is : Resolved

Bharat Rajgor (Querist)
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26 June 2009 I have two doubts regarding taking service tax set off which are mentioned below.

1.If the vendor raises the Debit Note for some professional charges & charges the service Tax on that then can we take set off of that against Excise payment ?

2.Is there any time period for taking set off of service tax that one can take set off service tax within the six months after payment?

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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26 June 2009 If it is against a valid invoice of the service provider then the credit can be set off against the CED payable from 10.9.2004. However the credit should be eligible- used in or in rleation to manufacture or clearacne orf goods or used in set up... marketing etc or used for busienss.
No time limit for availing set off.

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