Credit of service tax

This query is : Resolved

vishal (Querist)
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21 December 2014 Dear all,,, one query If one firm is engaged in both trading nd servicing... will the credit of service tax is available in full or not e.g., service tax paid on rent of dat premises,, service tax on electricity bill or telephone bill.. nd one more question... will the credit of service tax paid on restaurants bill is available..!!!!??!!

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 December 2014 Credit of service tax can be availed to the extent of service utilized for earning out put service. Claim proportionately.

Rupesh Jain

Rupesh Jain (Expert)
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22 December 2014 NO IF YOU ARE TRADER THEN NO SRVCIE TAX INPUT AVAILABLE AND IF YOU ARE MFG. THEN SERVICE TAX INPUT AVAILABLE.
SERVICE TAX INPUT AVAILABLE IF YOU ARE SREVICE PROVIDER AND SERVICE RECEIVED FOR SERVICE PROVIDER THEN YOU TAKE INPUT OF RELATED SERVICE WHICH IS RELATED TO OUTPUT SERVCIES.