Amended provision of Rule 6 regarding Service tax input
This query is : Open
14 November 2009
What is the amended provision of rule 6 relating to service tax input credit availment pertaining to exempted and non-exempted services where no separate books are maintained ?
14 November 2009
Rule 6(3) provides an option for a provider of taxable as well as exempt services, using common inputs or inputservices, but opting not to maintain separate accounts to pay an amount of 8 per cent of the value of exempted service.This provision was made when the rate of tax on taxable services was 12 per cent. Since the service tax rate has beenreduced to 10 per cent, the said amount payable on the exempted services is being reduced from 8 per cent to 6 per centof the value of exempted service. This provision would come into force immediately (Refer notification No16/2009-CE(NT), dated 07.07.2009)â€.
14 November 2009
Good reply thanks
18 November 2009
Thanks Mr.Anil
03 January 2010
what is the applicability of the said rule during April 2007 to March 2008
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Fixe term employment
- GST ITC REVERSE
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Consolidated financials
- Tds on commission charges
- Regarding Applicability of Tax Audit u/s 44AB
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
