Service Tax Input

This query is : Resolved

vaibhav (Querist)
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20 June 2009 I am in a company which has following business:-
1.Trading of goods
2.Installation of goods

Can i get the credit of excise duty set off from service tax liability which arise on installation bill

I am presently taking vat input benefit from sale tax liability

Purchase Value:-100
Excise Duty:-10
Vat :-8
Total Purchase Cost:-118

Can i take the benefit of excise duty i.e. Rs.10 from service tax liability

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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20 June 2009 If your were to take the CED credit then you would have to pay the ST on the gross amount.
However if abatement/ composition is opted for then there is no possibility of claiming the input CED credit.