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Cenvat credit

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Querist : Anonymous (Querist)
13 November 2015 Can service tax input @ 4.95% be taken against service tax output @ 14%?

4.95% is charged as service tax on air tickets..

14% is charged on services provided by the company..

13 November 2015 Yes, you may take cenvat credit of service tax paid on input services, used for output services. It does not matter at all, whether that is concessional rate or otherwise.



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