CENVAT credit
This query is : Resolved
18 August 2010
Dear all,
Company doing Web hosting and web designing and charging VAT on Hosting and S.Tax on designing..
[90% of the Co TO is export]
whether Com can take CENVAT credit on input services like tel.Charges, Internet Charges and etc..? if yes, on what proportion ?
Thanking you.
Company doing Web hosting and web designing and charging VAT on Hosting and S.Tax on designing..
[90% of the Co TO is export]
whether Com can take CENVAT credit on input services like tel.Charges, Internet Charges and etc..? if yes, on what proportion ?
Thanking you.
26 August 2010
First whether the same are all taxable maybe confirmed. If yes then 100% credit available to be utilised for discharging the the ST on local 10%. If overflow accumulation subsntail refund of the same also can be applied for.
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