Excise

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Dear Sir,

                   We are availing the abatement under 1/2011 Centre Excise. under which we are not taking any credit on input in excise.

My query about that in service tax can we take input credit & on which service we can take input credit in service tax

Replies (3)

Under the notification No. 1/2011 all goods excise duty was 1%. Now in this notification all the goods excise duty is 2% without cenvat credit. If you are paying 2% excise duty then cenvat credit will not be allowed.

Thanks Sir, but my query about service tax . i know we can not take credit for excise but my query is that can we take input for service tax as we have to pay for gto & reverse charge etc

You can take the cenvat credit on duty paid under reverse charge system. 


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