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
Menu
Excise
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.
Recent Topic
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
Related Topics
CAclubindia
