30 January 2011
IF A WORKS CONTRACTOR FILLED ITS ST-3 AS COMPOSITION METHOD,: MY PROBLEM IS!! HE PAYS SERVICE TAX AND EXCISE DUTY ON PURCHASE OF MATERIALS,,, IS I(COMPANY) ELIGIBLE FOR CENVAT CREDIT OR NOT?? GIVE ME ANSWER WITH AN EXAMPLE.. PLEASE REPLY QUICKLY....
30 January 2011
You have not mentioned what is the output service. It the output service is taxable under ST. Input credit is allowed on excise duty and service tax paid on input.
CAclubindia
