Input Credit
This query is : Resolved
ankur bhatia
(Querist)
22 September 2008
We are charging service tax on our services. and we are also paying service tax for different services we are taking i.e. cab hire, office security, office boys etc.
Can we adjust the both service tax amount if yes then please let me know the procedure how we can adjust the same with the service tax amount to which we have to pay.
Can we adjust the both service tax amount if yes then please let me know the procedure how we can adjust the same with the service tax amount to which we have to pay.
22 September 2008
All the services to which you pay ST is your Input tax which can be adjust against the service tax you are required to pay by adding it in your bill.
Input = different services we are taking i.e. cab hire, office security, office boys etc.
Output = What you are charging.
Tax payable = Output - input.
If input is excess you can carry it forward.
Input = different services we are taking i.e. cab hire, office security, office boys etc.
Output = What you are charging.
Tax payable = Output - input.
If input is excess you can carry it forward.
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