can a service provider take excise duty input
This query is : Resolved
15 May 2009
One of my client is a service provider ( software developer). He purchased computers and other office eqipment on which excice duty also levied. Can he take credit of excise duty.
15 May 2009
i think you can take credit.
15 May 2009
Yes the excise duty on computers can be taken 50% in the year of receipt and 50% inthe subsequent years. If purchase last year 100% credit his year is admissible. No depreciation on the excise components should be claimed.
Central excise duty can be used to pay the servic etax or if exported then refund can be applied for.
Central excise duty can be used to pay the servic etax or if exported then refund can be applied for.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Offsetting interest income against derivative trading losses
- RCM - commercial rent paid to URP under GST
- Gst Sales of FY 2023-24
- Whether still royalty
- Legal heir raised refund , but refund issued to the closed account of deceased.
- GST Annual Returns filing due date
- TDS NUMBER SURRENDER
- Need help with business structure for setting up a new business
- TDS applicability on Service through ECO
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
