Studyhatch Forum -Service tax

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What are the duties / taxes that can be availed as credit?

Duties paid on the inputs and capital goods, and the Service Tax paid on the input services can be taken as credit. Education Cess paid on the Excise duty and Service Tax can also be taken as credit. However, the credit of such Education Cess availed can be utilized only for payment of Education Cess relating to output service. The interest and penalty amounts cannot be taken as credit

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