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Royalty Service Tax

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(Querist)
15 June 2009 Can Service Tax liability on Royalty be adjusted against service tax credit already available in books
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
15 June 2009 If royalty is being paid in India, then the service tax credit already available in books can be adjusted.

If royalty is being paid to OCB's or overseas payment is made then you cannot set off the existing credit of service tax.

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