English to Polish Bus/Financial Law: Taxation & Customs

Potrącenie(?!) (na poczet) zobowiązania podatkowego?

Przykłady w zdaniach:

The CENVAT paid on raw materials used in the manufacture of finished products is available as *setoff against the CENVAT liability* on manufacture.

The service tax paid on the services received can be used as *set-off against the liability* of service tax.

It is pertinent to note that the VAT paid to vendors for procurement of goods can be availed as input tax credit *(set-off) against discharge of VAT or CST liability* on sale of goods.

Certain States provide for a *set-off of entry tax paid against* the VAT payable on the sale of goods in such State.

Samo set-off:

The benefit of *set-off* is also available on CENVAT which has been paid on inputs/capital goods used by the service provider.

The ACD paid as part of customs duty would be available as a CENVAT credit *(set-off)* to the manufacturers/service providers.

The benefit of *set-off* is also available on the service tax which has been paid on services used by the manufacturer.

CST paid by the buyer while procuring the goods is not available as *set-off* for payment against any liability and hence is a cost to the business.


CST - Central Sales Tax
CENVAT - Central Value Added Tax
ACD - Additional Customs Duty