Cenvat credit on capital asset in service tax
This query is : Resolved
11 March 2013
hi sir plz help me
one of my aseessee purchased a machinary and paid excise duty and machinary is used for service provide.
is he allowable decduction in service tax retun
one of my aseessee purchased a machinary and paid excise duty and machinary is used for service provide.
is he allowable decduction in service tax retun
11 March 2013
Yes you can take cenvat credit of excise duty paid towards payment service tax. 50% of cenvat credit in first year and 50% in next year.
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