Applicability of service tax
This query is : Resolved
18 July 2014
A company goyal gas supplies gases to our company.as per terms of agreement our company has to pay them a minimum guaranteed money if we do not procure minimum guaranteed gases from them.
Since we failed to procure minimum gases from them, they have submitted a bill claiming minimum guaranted money including service tax.
my question is that whether service tax will be applicable on that invoice? if so whether we can take credit of service tax.
since no service has been provided in this case.
please resolve
Since we failed to procure minimum gases from them, they have submitted a bill claiming minimum guaranted money including service tax.
my question is that whether service tax will be applicable on that invoice? if so whether we can take credit of service tax.
since no service has been provided in this case.
please resolve
20 July 2014
Yes, service tax will be applicable and service receiver can claim the service tax if gas should be used in the manufacturing of final products or providing of services.
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
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR validation error - Balance sheet is not filled
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Bank Accounts in Balance Sheet for ITR 3
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
