Set off

This query is : Open

vivek k (Querist)
Follow

17 July 2009 I had bank charges to the bank which contains service tax at the rate of 12.36% and we receive service from one of the sub contractor at the rate 4.12% in composition scheme.

Can i set off above service tax i.e (12.36% against 4.12% Compsition Scheme)

Lalit Soman

Lalit Soman (Querist)
Follow

17 July 2009 Our Director's father holding shares in the company had written in his WILL that a Private Trust shall be formed after his death to hold some of the shares held by him in the comapany.

Following are my two queries:
1. Can a trust be created based on the WILL after the daeth of the testator?
2. If yes, in that case who will be the settlor of that trust?

Thank You in advance.
Lalit Soman

Rajesh Kumar

Rajesh Kumar (Expert)
Follow

19 July 2009 Yes, you can use the credit on input services.

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
Follow

19 July 2009 Both are input services and as long as you use the same in provding taxable services you would be eligible for credit.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Tanuj Kumar Sharma

avulaandcopdrl 2023

Amit

Sameer

Choudhary

Subscribe Now

Set off

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Accountant

Article Assistant

GST CONSULTANT

CA Final