Input credit
This query is : Resolved
11 December 2008
Hello members,
Can a company - manufacturing avail credit on audit fees and security chargeds
Thanx in advance
Tejashwini
Can a company - manufacturing avail credit on audit fees and security chargeds
Thanx in advance
Tejashwini
11 December 2008
Tejashwini
Yes u can avail credit. But the same can be use for paying Service Tax and not the Central Excise bcz u wl pay service tax on audit fee or security charges
rgds
Vivek
Yes u can avail credit. But the same can be use for paying Service Tax and not the Central Excise bcz u wl pay service tax on audit fee or security charges
rgds
Vivek
11 December 2008
Hi vivek
Thanx for your reply
further u said you cannot take credit on central excise, bcz u wl pay service tax on audit fee or security charges. This point is not clear. pls clarify
Thanx again
Tejashwini
Thanx for your reply
further u said you cannot take credit on central excise, bcz u wl pay service tax on audit fee or security charges. This point is not clear. pls clarify
Thanx again
Tejashwini
13 December 2008
Tejashwini
Sorry for the unclear reply. If u r registered under Central Excise only u can take credit of the srvice tax paid on the above services. Suppose if u r registered under Service Tax also u should take credit of the above ST paid to pay service tax only.
But u clearly mentioned "MANUFACTURING CO". So undoubtedly u can take credit.
regards
Vivek
Sorry for the unclear reply. If u r registered under Central Excise only u can take credit of the srvice tax paid on the above services. Suppose if u r registered under Service Tax also u should take credit of the above ST paid to pay service tax only.
But u clearly mentioned "MANUFACTURING CO". So undoubtedly u can take credit.
regards
Vivek
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
