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Service tax setoff
I am running a partner ship trading firm.
My trading centres are on rented properties for which I am paying rent with service tax. On other side I takes work contract for kitchen furnishing, Wall claddings etc on which I collects service tax from my clients. Now I wish to know whether set off mechanism is applicable on service tax collected by me and the service tax paid.
Replies (1)
Yes you can take. Make sure if you are under composition scheme you cannot do the same
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