Wheather credit taken from excise

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 September 2013 Wheather Service tax trader is eligible for taken a credit excise duty against service tax
Trader Purchase a good from manufacturer and charges excise duty on bill but trader are registered under service tax and provide taxable service.
wheather he is eligible to taken a excise duty in service tax ?

25 September 2013 The central excise duty charged by the supplier can be taken as cenvat credit for the service tax output tax, provided such excise duty is linked with your output service. For e.g some capital goods is required for providing output service. In this case, cenvat charged in the invoice can be used.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries