Cenvat Credit Rules,2004 for service tax
This query is : Resolved
09 July 2008
service provider provides both exempted and taxable output service and does not maintain seperate accounts.
out put service tax is Rs.20000
Input service tax is Rs.16000
How much tax is to be paid?
How much credit will the assessee get?
If whole credit of Rs.16000 is not available then whether the balance credit amount lapse?
out put service tax is Rs.20000
Input service tax is Rs.16000
How much tax is to be paid?
How much credit will the assessee get?
If whole credit of Rs.16000 is not available then whether the balance credit amount lapse?
CA Hemant T Dewani
(Expert)
09 July 2008
you will take credit of input service maximum 20% of output service balance is carry forward to next period
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