QUERY 1) CAN U TELL ME THAT INPUT CREDIT OF EXCISE DUTY AND VAT WILL ADJUST FROM THE SERVICE TAX PAYABLE AMOUNT OR NOT.
QUERY 2) IF ANY CLIENT NOT PAID THE VAT AMOUNT AND ONLY PAY THE TAXABLE VALUE OF BILL. SO IN THIS CASE CREDITOR IS LIABLE OR PAYING THIS VAT AMOUNT OR NOT.
Input credit of excise alone can be adjusted against ST liability subject to the CENVAT credit rules. The adjustment of VAT against ST would be possible once GST comes in.
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
KK & Company Chartered Accountant
Pune
CA Inter
View Details
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
CCI
Pro
CAclubindia
