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Service provider gets input of Excise and Service Tax on Expense Bills
This is called Cenvat
It is normally of 3 types
|
TYPES OF CENVAT |
MEANING |
|
Cenvat on Input Services |
SERVICE TAX ON EXPENSES |
|
Cenvat on Inputs |
EXCISE ON PURCHASES |
|
Cenvat on Capital Goods |
EXCISE ON MACHINES ½ (Available in two years) |
Following are Expense and Incomes Bills of a Service Provider
Make Service Tax Computation View Answer
