Pradeep Jain - Chartered Accountant

Good Morning Sir, We are coversion agent of tata steel.We convert GP coil into corrogated sheet. Issue- We dispatch sheet to third party as per tata shedule and charge excise duty on the invoive. This excise duty we get reimbuse from tata. We raise service tax bill to tata for conversion charge. My question is whether we can get credit of input excise duty on input against output service tax.

Respected sir, Your query holds a bit of ambiguity. You are doing job work for Tata steel but liable to pay Excise Duty as you are manufacturer. Secondly, you are also charging service tax on the conversion charges. Firstly, when you are paying Excise Duty on your final product which implies that the process undertaken by you amounts to manufacture. If this is the case, then you need not to pay service tax on conversion charges. Secondly, it is not clear that you intend to take credit on which goods/ service? The inputs which are used in manufacture of dutiable final product, the credit will be available to you. If these inputs are those which have been used by you for converting the GP coil in corrugated sheet than the credit of the same is admissible. But if you are talking about the credit on the excise duty charged on the invoice than such credit is not admissible as it is being reimbursed by Tata. Hence the same is not borne by you and credit for same is not admissible. {Query replied by:-Prayushi Jain}

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