Let me first tell you the exact scenario.
a) We are pharmaceutical (API) Company
b) We have in Total 4 Locations out of which 1 is Own Factory, 2 are loan licensing unit and 1 is ISD Location (Head Office)
c) We have distributed service tax accumulated in ISD to Own Factory and 2 Loan Licensing Unit under Hybrid Method of Allocation
d) We have utilised accumulated Service Tax through ISD in our Own Factory
e) Question here is can we utilise service tax so accumulated through ISD to our Loan Licensing Unit??
Note:-
Loan Licensing Unit: - We are manufacturing our product in Excisable Unit of other Company. Excise Registration is in the name of other company. We maintain separate RG-23 Register.
Thanking You in advance.
CAclubindia
