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Input credit for Service Tax on Foreign Payment

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(Querist)
08 May 2009 If we have paid any service tax on behalf of non-resident as Import of Service, Can we take the Input Credit of the same ??
Also, can we adjust such credit against other can be adjusted against payment of other services ??

What entries to be made into books. Please explain with example...
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SIDDHARTHA SANKAR ROY

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SIDDHARTHA SANKAR ROY (Expert)
08 May 2009 You can take credit of the tax paid for import of service provided the services procured from the foreign service provider qualifies as your input service.
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