12 May 2010
Respected sir I am mfg compnay Laible of Excise duty Sir Any Each Bill Deducted Service Tax yearly tentative Rs.40000/- can you i claim of excise duty benifit what was entry of Service tax sir pls help me...............
12 May 2010
I understand that you are paying approxmitely Rs. 40000 service tax on bills raised by your service providers. Whether Cenvat credit of the service tax paid by you can be taken and utilised towards payment of excise duty.
Yes, if the services availed by you falls under the definition of Input Service as defined under Rule 2 (I) of the Cenvat Credit Rules, 2004.