capitalisation or service tax credit of service tax paid on
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 November 2010
Dear sir,
While doing an internal audit i come across that on purchase of MS-office whether they claim service tax credit.
and it is manufacturing solar products most of them were not attracting customs and there is no output service tax
While doing an internal audit i come across that on purchase of MS-office whether they claim service tax credit.
and it is manufacturing solar products most of them were not attracting customs and there is no output service tax
19 November 2010
Sir , I am not able to understand your query. Plese write more detail with example.
If there is no duty or service tax payment on output service or product, no credit will be availble. However in case of export , refund of tax is availble.
If there is no refund or credit, the tax amount must be capitalized.
If there is no duty or service tax payment on output service or product, no credit will be availble. However in case of export , refund of tax is availble.
If there is no refund or credit, the tax amount must be capitalized.
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