SUDHIR & PRADEEP JI (CA FINAL+LLB + DISA) (2299 Points)
31 July 2010
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.
Ajay Garg
(CA FINAL)
(101 Points)
Replied 31 July 2010
YES YOU CAN AVAIL INPUT ON EXCISE AND VAT AGAINST PAYMENT OF SERVICE TAX.
CAclubindia
