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We know service tax liability is exempted by way of refund in 100% EOU But in case of service tax paid on capital goods

IS it also eligible for refund ? if elegible for refund  then ok .

My question is delyed payment of service tax attract 13% interest then interest portion of service tac liablity is debited to CAPITAL-WORK-IN-PROGRESS.IS IT CORRCT OR NOT

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My pt of view is as AS 16 its incurred after assets being redy to use so not capitalised


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