https://www.taxtmi.com/forum/issue?id=108917 Exemption allows adjustment of service tax by the amount of Research and Development cess payable on import of technology, provided the cess is paid within the statutory time limit from invoice or credit entry and is paid at or before payment for the service; records linking the invoice or credit entry to the cess payment challan must be maintained. Cess amount alone is the basis for reduction, and where these conditions are met the cess can be allocated to respective months to reduce corresponding service tax liabilities. en-us Tue, 21 Jul 2015 14:03:25 +0530 Thu, 23 Jan 2025 15:56:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108917 Exemption allows adjustment of service tax by the amount of Research and Development cess payable on import of technology, provided the cess is paid within the statutory time limit from invoice or credit entry and is paid at or before payment for the service; records linking the invoice or credit entry to the cess payment challan must be maintained. Cess amount alone is the basis for reduction, and where these conditions are met the cess can be allocated to respective months to reduce corresponding service tax liabilities. Discussion-Forum Service Tax Tue, 21 Jul 2015 14:03:25 +0530 https://www.taxtmi.com/forum/issue?id=108917