Set-off in excise duty from the service tax (input) paid.

Sir,

We are given here to some e.g. for your convenient i.e

Rs. 10000 Inward freight

Rs. 8000 Outward freight

Total Amt. 18000 to be paid service tax thereon

18000 of 25% = 4500 (service tax on 12.36%) = 556.20

You can be taken credit as Cenvat credit only Rs. 10000 of 25% = 2500 of 12.36% = 309.

Further in this regard you are eligible for taken Cenvat Cr. Rs. 309.00 only and utilized same in Service Tax and Excise for duty paying.

If you having any queries would be raised in this regard plz forward the same.

Thank you so much Sir.

One more thing, if i have paid S.Tax on both Inward & Outward Freight and now i have to set-off the Input Service Tax with Output Excise Duty.

Where should i mention this set-off in the return of Service Tax and Excise Duty?

Replies highly appreciated.

Thank you.

Sir,

You can to be taken cr. only Inward and same utilized in discharge of duty in Service Tax/Excise and shown in ST-3 in Cenvat column. Plz examine the ST-3 Cenvat column and fill the same information.

Thank a lot Sir.