Service Tax Input Credit

856 views 2 replies

sagar

accountant

39 Points Joined March 2011

Dear All,

Please guide me on my following query:-

we are pvt ltd co.and ragistered under vat cst and service tax. recently we purchased one drawing software which cost of rs 2,91,000 including taxes. due to changes in taxation the software also attaract excise duty.heance we are not able to take modvat credit as we have not registerd under excise.the seller party has given us excise invoice.my question is can we get this modvat as a service tax input credit. please suggest because the amount of excise duty is very large.

thanks in advance

with regards,

sagar

Replies (2)

CA Mohit Ghabrani

Consultant

112 Points Joined April 2009

Now it is allowed to merge Cenvat of Excise and Service tax to make payment of Excise or Service Tax. So, you can take the credit of the same for payment of service tax.