Dear All
Can service tax paid u/s 66A i.e. Service Tax payable on behalf of Foreign Service Provider be allowed for Cenvat Credit??
Madhukar N Hiregange
(Chartered Accountant)
(38934 Points)
Replied 05 August 2009
Yes as long as the same is an "INPUT SERVICE" Most services on which ST is paid under rverse charge would be used for business. However oif used exclusively for non taxable services or trading or manufacture of exempoted goods then credit not availble.
Madhukar N Hiregange
(Chartered Accountant)
(38934 Points)
Replied 05 August 2009
Yes as long as the same is an "INPUT SERVICE" Most services on which ST is paid under rverse charge would be used for business. However oif used exclusively for non taxable services or trading or manufacture of exempoted goods then credit not availble.
Yes.
It can Used as the Cenvat Credit.
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Ankur Shah(PCS)
“Guru Gautam” Bungalow, Inside Parshwa Tower,
E-mail: ankurjewel @ gmail.com
Blog: csankur @ blogspot.com
Dhirendra Singh
(Salaried)
(35 Points)
Replied 15 January 2010
Pls. provide sample board resolution required under section 297 before entering into contract for purchase & sale of goods.
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