Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

Input credit on excise duty

694 views

Save Share

Join Us Follow Us Add as Source

Sonu Kumar

Account Manager

682 Points Posted on 12 January 2013

Dear Experts,

We are Paying Service tax under Composite Scheme of Work Contract and Taking input credit on Input Services we are Also Purchasing Some Material on which Excise Duty is Chrged by Supplier.

Can we Take Input Credit on Excise Duty Paid

Thanks

Replies (2)

Vikas

1245 Points Posted on 15 January 2013

Of course, vide Rule 3(1) of the Cenvat Credit Rules, 2004; provided they are used for provision of service.

Sonu Kumar

Account Manager

682 Points Posted on 15 January 2013

Dear Mr. Vikash,

Our Service tax Conslutant told us that in Case of Composite Scheme You Can Take Input Credit on only Input Services, I Want More Clearification becuse i have also read in the Books that Service tax and Excise are Interadjustable.

Thanks