We are a service industry and recieved a work order from a trading firm to install an ITEM (fume duct) at a manufacturing plant. This item is a part of a machinery (FUME DUCTING for FURNACE MACHINE).
The manufacturer from whom we are buying the fume duct give us a Excise Invoice.
We, in turn, are going to issue a service bill to pur customer (the Trading company).
CAN we set-off the central excise duty recieved from our supplier , against our service tax ??