Inpu Credit Utilisation.

This query is : Resolved

sayeed (Querist)
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24 July 2009 Hi to all.

The company is a trading compnay which provides services of repairng for the traded goods and billing for the service after the warranty period.My doubt is whether the company can utilised the input tax paid not directly related to the service activity to discharge the service tax libilit on repairing service.

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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24 July 2009 ST paid exclusively for trading activity is not eligible.
ST paid for common services like telephone etc is not barred and therefore can be cliamed.

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