Input tax credit

srikanth sasidhar (Chartered Accountant Cost Accountant)   (86 Points)

06 August 2015  

Dear All,

We are in the business line of Car sales & services(Dealer).My query is when we hae the common input services(used for both sales & services).On what basis we have to take the input service tax credit???and how much amount we can avail as an input tax credit...

Please express your views on the same..

Regards,

Srikanth