Can Service Tax paid on Labour contract service be adjusted against excise duty paid on products on Tax on MRP basis.
Dear All,
We are running a dairy industry.Can service tax paid on labour contract service be taken as input credit for excise duty paid on certain dairy products after abatement on mrp.We are manuafacturing six to seven categories of product where we are paying excise duty on mrp after abatemen on just two products.But the labourers are engaged for manufacturing of all products.
My Question is that.
1.Can Service Tax paid on Labour contract service be adjusted against excise duty paid on products on Tax on MRP basis.If Yes ,how?
Maheswar Dash
CAclubindia
