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Input tax credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 June 2011 A manufacturing concern can take input credit of service tax levied on telephone bill,is same available on electric bill and other services availed for the use of business.eg on internet connection
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CA. RAVIKUMAR

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CA. RAVIKUMAR (Expert)
20 June 2011 Yes, Only if the output service/ product is excisable goods,

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