cenvat credit
This query is : Resolved
mohit mehta
(Querist)
05 November 2008
Dear Sir,
In our company we are rendering three types of services
1 transport of goods by road
2 transport of goods by rail
3 transport of goods by air
but we do not maintain separate accounts for each of them. Service tax liability arise on transport of goods by air.
My question is can we take input credit of service tax paid on telephone service, postage, courier etc. against our service tax liability on transport of goods by air though we do not bifurcate the specifically paid for rendering service of transport of goods by air.
Please reply
Dear Sir,
In our company we are rendering three types of services
1 transport of goods by road
2 transport of goods by rail
3 transport of goods by air
but we do not maintain separate accounts for each of them. Service tax liability arise on transport of goods by air.
My question is can we take input credit of service tax paid on telephone service, postage, courier etc. against our service tax liability on transport of goods by air though we do not bifurcate the specifically paid for rendering service of transport of goods by air.
Please reply
Shyam Lal Naik
(Expert)
05 November 2008
Option 1 - No Cenvat Credit
Option 2 - You can take cenvat credit, you have to pay 8% tax on non taxable services.
You may evaluate the financial imolication and take a suitable decision.
Option 2 - You can take cenvat credit, you have to pay 8% tax on non taxable services.
You may evaluate the financial imolication and take a suitable decision.
S.Srinivasaraghavan
(Expert)
06 November 2008
Tes, Mr.Naik is right.
mohit mehta
(Querist)
13 November 2008
thanks for your reply
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