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TaxTMI 
Credit of R & D Cess for import of technology from foreign company
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....redit of R & D Cess for import of technology from foreign company<br> Query (Issue) Started By: - Manoj Pant Dated:- 25-12-2013 Last Reply Date:- 25-12-2013 Service Tax<br>Got 1 Reply<br>Service Tax<b....
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....r>Experts, I have one doubt regarding R & D Cess, When we importing some technology from foreign company, we have to pay R & D Cess, and the same is exemption in service tax. suppose the work value....
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.... of 10 lakhs, When we are paying R & D Cess for import of technology and for such case the service tax payable calculated in such manner: Gross Service tax at the rate of 12 percent on value of Rs. 1....
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....0 Lakhs 120000/- Less exemption for R & D Cess Paid 50000/- Net Service Tax 70000/- Add. EC & SHEC at the rate of 3 percent 2100/- Service tax payable 72100/- in that case how much CENVAT Credit ....
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....we can avail. i.e. gross service tax payable(i.e. 12.36) or net service tax payable (7.21) after exemption of R & D Cess. Reply By Pradeep Khatri: The Reply: You can avail CENVAT credit on the Net S....
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....ervice Tax paid by you.<br> Discussion Forum - Knowledge Sharing ....