11 July 2011
WHAT IS INPUT SERVICE TAX . INPUT SERVICE TAX IS ADJUSTED IN FINANICAL YEAR / OR REFUND. HOW MANY YEARS SERVICE TAX IS ADJUSTED IN SERVICE TAX INPUT
11 July 2011
Service tax on input services referred to in Rule 2(l) of Cenvat Credit Credit Rules'2004 is input service tax.Input service tax can be adjusted by service provider on output tax payable. Manufacturer can adjust input service tsx paid against excise duty liability on final products.
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