adjustment of CVD against ST
This query is : Resolved
sambasivarao.v
(Querist)
25 March 2010
Hi
Is there any option for construction companies to adjust CVD of Customs duty against Service tax payable. Plese provide me the clear information regarding this.
Is there any option for construction companies to adjust CVD of Customs duty against Service tax payable. Plese provide me the clear information regarding this.
Rajesh Kumar
(Expert)
30 March 2010
If the company is taking rebate in value, it is not possible. If no rebate is taken in value, credit of CVD is available.
sambasivarao.v
(Querist)
31 March 2010
Dear Mr Rajesh Kumar
Thank you for your reply to my query and my another doubt is "What is the time limit for utilisation of CVD Credit against Service Tax?". Is it 2 years @50% each year, Please reply.
Thank you for your reply to my query and my another doubt is "What is the time limit for utilisation of CVD Credit against Service Tax?". Is it 2 years @50% each year, Please reply.
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