service tax
This query is : Resolved
31 July 2009
hello,
my company is in the distributor ship of computer hardware, software and telecommunication equipments right from their import to selling in the domestic market. at the same time we are providing services on networking done.on import we are paying basic duty, cvd, ed. cess and SHEcess apart from additional custom duty. we are regiestered with service tax authority. can the duty paid on import be setoff against service tax liablity and if so under which section of ST act.pls reply ASAP
my company is in the distributor ship of computer hardware, software and telecommunication equipments right from their import to selling in the domestic market. at the same time we are providing services on networking done.on import we are paying basic duty, cvd, ed. cess and SHEcess apart from additional custom duty. we are regiestered with service tax authority. can the duty paid on import be setoff against service tax liablity and if so under which section of ST act.pls reply ASAP
01 August 2009
tHE CREDIT OF THE cvd ( ADDITIONAL DUTY OF CUSOTMS= EXCISE DUTY) can be availed for inputs used in provding the service of networking provided that the St is paid on the gross amount without cliaming any exemption/ abatement.\
Traded goods credit cannot be used for paying the service tax.
Traded goods credit cannot be used for paying the service tax.
04 August 2009
dear sir,
thanx for the reply. further elaborate whether only CVD is allowed to be taken credit or other components like ed.cess, SHEcss, basic duty of customs are also allowed to be taken credit from the service tax liablity. pls clarify ASAP.
regards
sanjay gupta
thanx for the reply. further elaborate whether only CVD is allowed to be taken credit or other components like ed.cess, SHEcss, basic duty of customs are also allowed to be taken credit from the service tax liablity. pls clarify ASAP.
regards
sanjay gupta
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