miluantony (Student CA Final ) (36 Points)
19 April 2014Can anyone solve my doubt on valuation rules?
Can i claim cenvat credit on excise duty paid against service tax payable ? To be more clear,i am a service provider.I purchased input goods for providing output service on which i paid excise duty.can i adjust this against service tax payable?
OR
it can be adjusted only if i am a manufacturer and service provider.
Sourav
(Achieving d UnAchieved)
(991 Points)
Replied 19 April 2014
Yes excise duty on inputs can be claimed against output of service tax.
CAclubindia
