Poonawalla fincorp
Poonawalla fincorp

Input tax credit

This query is : Resolved 
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(Querist)
19 November 2014 experts, is service tax payable is eligible for set off against vat paid...????
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
19 November 2014 VAT paid can only be utilized for payment of output VAT or CST on sale of goods.

Input VAT CANNOT be utilized for payment of service tax.

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