14 November 2010
Dear Experts, If a mfg. has final product exempt from Excise duty, then: 1) what is the traetment for its Excise inputs paid on purchase?
2) What is the traetment of Service Tax paid paid on input services paid?
3)Beside adjustment of Service tax with Excise duty, can the Service tax input can be adjusted with Service tax output, and the balance /excess input service tax remaining be treated as expenses and debited to P/L account seperately?
CAclubindia
