Input Excise Duty

This query is : Open

Jayanta (Querist)
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29 January 2011 Dear Sirs,

We are a service provider dealing in leasing services. we have VAT registration as well. Can we claim Input Tax of VAT & Excise duty Input against the same purchase invoice?

Ram Avtar Singh

Ram Avtar Singh (Expert)
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30 January 2011 Input vat for setoff output vat only.

excise duty input credit only for output excise duty libility only.

service tax libility can not setoff by excise duty.

Jayanta

Jayanta (Querist)
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01 February 2011 Any more opinion on this?

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