Can Anyone reply to my queries?
1. Input credit whether available for audit fees/professional fees – ? On what situations credit is not available?
2. Whether input credit is available when there is both VAT and service tax sale / what is the position when we have manufacturing and trading as well?
3. Are there any Input credit restriction on certain items like telephone bills, taxi hire charges, rent etc.,?
4. Any specific service for which there is no input credit available or what are the criteria to be satisfied before we can avail Cenvat credit?
5. Input credit on Reverse charge - Which are the services on which we need to pay service tax under reverse charge and how to avail Cenvat credit on the same?
6.Input credit refund. What are the scenarios in which we can claim Service tax refund and what are conditions which need be satisfied? ( we have few clients like who are exporting services and are paying service tax for services which is utilized to export of services )
CAclubindia
