Utilisation of excise duty
This query is : Open
G S Pradeep
(Querist)
03 August 2017
I need clarification regarding utilisation of Excise duty against service tax.
Case 1) A company buy electrical equipments, they pay excise duty on purchase of goods. They bill separately for installation of equipment and charge service tax. Can they adjust this excise duty against service tax payable?
Case 2) Same company also provide other maintenance services, on which they charge service tax. Can they adjust above excise duty against these services. Since service part in case is less, they cannot adjust more excise duty against case 1 service tax. Can they use excess excise duty unutilised against case 2?
Please clarify.
Case 1) A company buy electrical equipments, they pay excise duty on purchase of goods. They bill separately for installation of equipment and charge service tax. Can they adjust this excise duty against service tax payable?
Case 2) Same company also provide other maintenance services, on which they charge service tax. Can they adjust above excise duty against these services. Since service part in case is less, they cannot adjust more excise duty against case 1 service tax. Can they use excess excise duty unutilised against case 2?
Please clarify.
03 August 2017
Case 1:
Confused by Purchase and Installation. If 'A' Purchased electrical goods (Inward/Inputs) They bill separately for installation of equipments. Then who is installed...? please clarify, If 'A' purchased goods and also 'A' is installed to his customers...?
Confused by Purchase and Installation. If 'A' Purchased electrical goods (Inward/Inputs) They bill separately for installation of equipments. Then who is installed...? please clarify, If 'A' purchased goods and also 'A' is installed to his customers...?
G S Pradeep
(Querist)
04 October 2017
A only installed the goods.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Number of years as per AS amortisation of Goodwill
- Visiting card purchase
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
