our company procures manufactured products and pays excise duty on it. It Uses these products on composite works contract( material + service) and collects service tax from its client. Can service output liabilty be adjusted from excise duty( cenvat credit.???
10 October 2012
However, Cenvat credit of input services and capital goods is available even when service tax is payable on abated value determined as per Rule 2A of the Service Tax (Determination of Value) Rules 2006.
CAclubindia
