Input credit
This query is : Resolved
Prithwiraj Hait
(Querist)
13 June 2010
Are input service tax credit available to companies on Audit fees and other professional fees paid??
If it is available, is there any specific condition to be fulfilled.
Pls help
If it is available, is there any specific condition to be fulfilled.
Pls help
CA V. Mohanakrishnan
(Expert)
13 June 2010
credit is available. The same would have been considered in calculation during payment of service tax after netting the same
no specific condition but claim the same as part of the ST-3 return being filed under cenvat credit
no specific condition but claim the same as part of the ST-3 return being filed under cenvat credit
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Prithwiraj Hait
(Querist)
13 June 2010
Thank you sir
Prithwiraj Hait
(Querist)
15 June 2010
Only problem is that the client does not render any professional service..
Usaally service tax credit is adjusted with similar kind of service. But since service tax on professional sevices is directly related with the business so credit must be available
Usaally service tax credit is adjusted with similar kind of service. But since service tax on professional sevices is directly related with the business so credit must be available
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