Input Credit
This query is : Resolved
16 May 2009
If a service provider has provided services worth Rs 1 crore(hypothetically) and availed services worth Rs 50 Lakh (again hypothetically), on what amount would be Service Tax Levied.
I would really appreciate an answer .
I would really appreciate an answer .
Nitesh Jain
(Expert)
16 May 2009
Firstly service tax liability will be calculated on Rs. 1 crore & from that whtever the input credit is available & the difference shall be paid. However it is important to note that such input services should be directly or indirectly related to the service provided.
Nitesh Jain
(Expert)
16 May 2009
Firstly service tax liability will be calculated on Rs. 1 crore & from that whtever the input credit is available & the difference shall be paid. However it is important to note that such input services should be directly or indirectly related to the service provided.
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