Credit of service tax
This query is : Resolved
21 December 2014
Dear all,,, one query
If one firm is engaged in both trading nd servicing... will the credit of service tax is available in full or not e.g., service tax paid on rent of dat premises,, service tax on electricity bill or telephone bill.. nd one more question... will the credit of service tax paid on restaurants bill is available..!!!!??!!
CA R SEETHARAMAN
(Expert)
21 December 2014
Credit of service tax can be availed to the extent of service utilized for earning out put service. Claim proportionately.
Rupesh Jain
(Expert)
22 December 2014
NO IF YOU ARE TRADER THEN NO SRVCIE TAX INPUT AVAILABLE AND IF YOU ARE MFG. THEN SERVICE TAX INPUT AVAILABLE.
SERVICE TAX INPUT AVAILABLE IF YOU ARE SREVICE PROVIDER AND SERVICE RECEIVED FOR SERVICE PROVIDER THEN YOU TAKE INPUT OF RELATED SERVICE WHICH IS RELATED TO OUTPUT SERVCIES.
SERVICE TAX INPUT AVAILABLE IF YOU ARE SREVICE PROVIDER AND SERVICE RECEIVED FOR SERVICE PROVIDER THEN YOU TAKE INPUT OF RELATED SERVICE WHICH IS RELATED TO OUTPUT SERVCIES.
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