canvat credit on CVD

[hanmant kadam]

can service provider avail CVD for payment of service tax

[DR.MARIAPPAN GOVINDARAJAN]

In my view no.

[AJAY DOSHI]

CVD or Countervailing duty is leviable on Import of goods. The duty has been subsumed in GST w.e.f 01st July'2017. As such duty was levied only on import of goods, service provider cannot avail CVD for payment of Service Tax.

AI Summary

Countervailing duty not available as credit for service tax because CVD applies to imports of goods, not services.
A service provider cannot claim credit of Countervailing Duty for payment of service tax because CVD is a duty on importation of goods and not a levy applicable to services; CVD was subsumed into the Goods and Services Tax framework and therefore does not furnish a credit usable against service tax liabilities.