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Set off of service tax paid on reverse charge basis

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(Querist)
26 May 2010 Dear all,

we are pvt ltd co., manufacturer of dyes,
i want to know, whether service tax paid on reverse charge basis can be set off against excise payment.

Thanks in advacne.

Regards,
Sushil.
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Maninder Jain

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Maninder Jain (Expert)
27 May 2010 Yes in my opinion, except for GTA outward, you can use take credit of sevice tax paid on reverse charge method.

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