06 September 2012
* Every person providing taxable services have to pay service tax. * The ultimate burden of service tax is to be passed on the consumer. therefore every person other than consumer get the benefit of cenvat credit. ie credit of duty paid by them on their input/ input services. * Only Mfg and service provider gets the benefit of input credit because both of them are covered under Central board of excise and custom. * While Traders are covered under the VAT laws which is a state matter.
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