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is there any input-output benefit against service tax like
vat or not?

Question Posted / harry


is there any input-output benefit against service tax like vat or not?..

Answer / h.r. sreepada bhagi

Yes. Input Tax credit benefit is there under Service Tax Act
also. It can be adjusted to Output Tax. It's related to
CENVAT Credit under Central Excise. It's in a way similar to
Input VAT Credit & utilisation.

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