Service tax on royality
This query is : Resolved
23 August 2013
Dear All,
My Company is a joint venture with US Company. So We paid Service tax on Royality.
My doubt is "Service tax on Royality can be utilized from Excise" or Not.Is it Cenvat credit or not. Pls give me the notification no.
My Company is a joint venture with US Company. So We paid Service tax on Royality.
My doubt is "Service tax on Royality can be utilized from Excise" or Not.Is it Cenvat credit or not. Pls give me the notification no.
23 August 2013
Input with respect to Out put service is defined as Goods used for providing Out put service. the goods for which royalty is paid does not seem to be used for providing the out put service and therefore, not eligible for CENVAT credit against on excise paid.
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
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