07 June 2012
My clint is in Job work of Autoparts. it is Paying on Value 30% Service tax and on 70% vat. is it can avail the full Credtit of Input or only 30% of input. Also it not paying service tax on some Job work because his customer giving him letter of EN 214/86, is it can also take credit of input using in jobwork of that party. For Example
Sale Job work 1000 Vat 4% on 700 28 Service Tax 12% on 300 36 Total Invoice value=1154
Total Input used on which excise duty paid Rs. 50. is it can take credit Rs. 50 or Rs 15 (30% of 50)
If it is not charge service tax due to EN 214/86 is it can take the credit of Input rs 50 or 15 or Nil.
CAclubindia
