duty paid as excise (tax) can we take as a set off while paying service tax
Anusha Kondapani
(SAP Business ByDesign Consultant)
(624 Points)
Replied 04 February 2013
Hi
As per cenvat credit rules excise duty paid is eligible for set-off against payment of excise duty and also service tax.
V.Rajalakshmi
(proprietrix)
(65 Points)
Replied 07 February 2013
Dear Sumit
Kindly check before availing the cenvat whether the input or capital goods purchased by paying excise duty is eligible for cenvat credit. Capital goods or inputs should have been directly used for rendering of output service tax is the basic rule to avail the cenvat credit.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961