vipin mittal (Student) (58 Points)
07 April 2014Please give me a solution.
A limited company in the business of service providing in verious govt project, has incurred expenses of advertisement with relate to publish its report in newspaper. So do company is entitled to take input of service tax on this expenses.
Akshay Garg
(Indirect tax trainee)
(457 Points)
Replied 07 April 2014
Dear Vipin
I dont think there is a service tax on the service received by you. The service of advertisement by way of print media is under negative list sec 66D of the FInance act 1994.
Since it is exempt from ST question of availing credit does not arise.
vipin mittal
(Student)
(58 Points)
Replied 07 April 2014
Dear akshay,
I am agree with your answer bt here supplier of this services charged ST in bill.
Akshay Garg
(Indirect tax trainee)
(457 Points)
Replied 07 April 2014
Dear Vipin
you can deny such payment.
In case u have already paid then only u can take credit as there are many case laws in support of the same.
Advertisement is included in the definition of input services.
CAclubindia
