apportionment of input tax credit
This query is : Resolved
Gopal Choudhary
(Querist)
12 May 2010
a co provides several services and enjoy the benefit of input tax on telephone, repair & maintenance. whether the input tax on these should be apportioned or can be directly availed
Shyam Lal Naik
(Expert)
12 June 2010
Question of apportipnment arises, if the person provides exempted services and/or manufactures exempted goods.
If all the services ate taxable, no need for apportionment. One to one corelation not required between input service and output service.
If all the services ate taxable, no need for apportionment. One to one corelation not required between input service and output service.
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