CENVAT Credit
This query is : Resolved
20 August 2010
Dear sir & Madam,
Namaste!
I have a querry related to Service Tax input credit.
Q-We are service provider and manufacurer of excisable goods as well.We are providing service in specific units and manufacture in different units.
We have centralised banking facilities in our Corporate office for that we received bank statements etc in Corp.Office only, but we allocate the bank charges & expenses to respective manufacturing & output service providing units.
My problem is - How can we distribute the service tax involved in those expenses(allocated to the other units)?
Whether we have to mandatorily register as an ISD as well in our Corp. office. or we just have to distribute the input amount to the manufacturing units by simple voucher.Being the manufacturing units are not output service provider, whether ISD concept will applicable in this case as well.
Kindly advice.
With regards
Biswojit
Namaste!
I have a querry related to Service Tax input credit.
Q-We are service provider and manufacurer of excisable goods as well.We are providing service in specific units and manufacture in different units.
We have centralised banking facilities in our Corporate office for that we received bank statements etc in Corp.Office only, but we allocate the bank charges & expenses to respective manufacturing & output service providing units.
My problem is - How can we distribute the service tax involved in those expenses(allocated to the other units)?
Whether we have to mandatorily register as an ISD as well in our Corp. office. or we just have to distribute the input amount to the manufacturing units by simple voucher.Being the manufacturing units are not output service provider, whether ISD concept will applicable in this case as well.
Kindly advice.
With regards
Biswojit
Madhukar N Hiregange
(Expert)
26 August 2010
ISD registration required for distribution of credit to units
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