I Think it is interesting

CA lakshmikanth (Chartered Accountant) (238 Points)

02 June 2011  

We know service tax liability is exempted by way of refund in 100% EOU But in case of service tax paid on capital goods

IS it also eligible for refund ? if elegible for refund  then ok .

My question is delyed payment of service tax attract 13% interest then interest portion of service tac liablity is debited to CAPITAL-WORK-IN-PROGRESS.IS IT CORRCT OR NOT