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Service Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Benefit of N/N. 12/03 - reduction of the cost of materials for ...


Service Tax Liability: Material Cost Reduction Under Notification No. 12/03, Credit Restriction Not Applicable to Capital Goods.

June 6, 2018

Case Laws     Service Tax     AT

Benefit of N/N. 12/03 - reduction of the cost of materials for arriving at the value of such service tax liability - the restriction is for non-availment of credit of duty paid on goods and materials sold and not on the capital goods.

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