Hi i want to know that can i adjust excise duty with service tax? If we can adjust excise duty with service tax than what rules follow.? Kamaljeet
From India, Delhi
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From India, Delhi
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If you have paid excise duty on the inputs used by you in making/providing the final services on which you have to pay service tax or have availed services of some consultants or other parties and have paid service tax on it and are liable to pay excise duty on the final goods produced by your organization, you can avail CENVAT credit for them.
CENVAT credit is available for service tax and excise duty paid.
Thanks & Regards, Avika Kapoor Manager-Business Development Phone: 011-4055 3774
From India, New Delhi
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118CENVAT credit is available for service tax and excise duty paid.
Thanks & Regards, Avika Kapoor Manager-Business Development Phone: 011-4055 3774
From India, New Delhi
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Changes in Custom, Excise & Service Tax - Budget 12 - 13.pdf