canvat credit on CVD

[hanmant kadam]

can service provider avail CVD for payment of service tax

AI Summary

Service Providers Cannot Use Countervailing Duty for Service Tax Payments; CVD Subsumed Under GST Since July 2017. A query was raised regarding whether a service provider can avail CVD (Countervailing Duty) for the payment of service tax. One response indicated that it is not possible. Another response clarified that CVD, which was applicable to the import of goods, has been subsumed under GST since July 1, 2017. Therefore, since CVD was only levied on goods, it cannot be used by service providers for service tax payments.