Our Company is in business of Electricity Generation, which is exempt from levy of Service Tax and Excise Duty. But we are paying excise duty of input goods and service tax on GTA. (as our raw material comes through road transport)
Now, our query is:
1. Can we take credit of Service Tax paid on Input Services against Service tax payable on GTA.
2. Do the abatement of 75% will be applicable, if we take the credit as mentioned in point 1 above.
3. If service tax credit is not allowed, can we go for service tax refund.
Thanks in advance.
CAclubindia
