Credit of service tax of fopreign remintances
This query is : Resolved
25 May 2011
Can somebudy please tell me that can i take credit of service tax which i pay to X party,who makes payment of usd/ euro on my behalf to my employees outside india. Service tax charged by them is 0.25% of transfered amount & also tell me whether i have to deduct TDS as service tax is getting applicable here.
26 May 2011
X is providing banking and financial services to your concern. This is eligible for cenvat credit if you are manufacturing excisable goods or providing taxable service and the said B & F service has some nexus with this activity.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Cloud service
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Sale of Gold ornaments
- Running non ac bus under contract with roadways
- GST ITC on Liquidated damages
- Credit note Issue reg
- SECTION 194T
- Ca final exam registration may-26
- Conversion of Pvt Ltd Company to a LLP
- Expenses add back in profit
- Forgot to update debit note in gst
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
