I am Carrying the Audit of a hotel, Hotel Has Purchased Some liquor And Paid Excise Duty on Them.And Sold The same After Charging VAT on Them, Can the Input Tax Credit be Availed on Excise Duty Already paid, Against VAT? Please help
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Input tax credit on exice duty
Replies (2)
lliquier is not covered under excise, but its under state excise , and this tax is never allowed for input credit.
Thank you Very much!
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