set off against excise
This query is : Resolved
12 July 2008
hi,
we r in the manufacturing of excisable goods known as industrial valves. we take the cenvat redit for our input on the basis of raw material. can we take the service tax set off against the excise payalbe. we are paying the bill amount inclusing the service tax for testing charges and the telephone charges. is it allowalbe to take set off of the same
we r in the manufacturing of excisable goods known as industrial valves. we take the cenvat redit for our input on the basis of raw material. can we take the service tax set off against the excise payalbe. we are paying the bill amount inclusing the service tax for testing charges and the telephone charges. is it allowalbe to take set off of the same
12 July 2008
Yes. Wef 10/09/04, cenvat credit scheme has been extended across goods and services.
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