Credit of Service Tax
This query is : Resolved
17 September 2009
Sir
I am a service provider and charge service tax from my clients.
Can i claim credit of service tax which i paid on my telephone bills and rent ?
Can i deposit the service tax collected from clients after deducting these payments ?
I am a service provider and charge service tax from my clients.
Can i claim credit of service tax which i paid on my telephone bills and rent ?
Can i deposit the service tax collected from clients after deducting these payments ?
20 September 2009
Cenvat credit is quite complicated. A straight jacket answer is not possible, in the absence of full and complete information.
Simply stated, if you are using the input services(telephone, rent) for providing output taxable services, you are eligible.
Caution :
If you are providing exempted services and /or manufacturing exempted products, your cenvat eligibility will be restricted.
Simply stated, if you are using the input services(telephone, rent) for providing output taxable services, you are eligible.
Caution :
If you are providing exempted services and /or manufacturing exempted products, your cenvat eligibility will be restricted.
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