Input Credit on abatment services
This query is : Resolved
Shital Patel
(Querist)
18 May 2010
Can I take the credit for service tax paid for input services taken if the service provider has taken the abatment on that perticular service?
Say if My Company has paid to a travel agent for services taken from that travel agency,and that travel agency has taken abatment.then can I take credit for the service tax paid to that travel agency?The service provider has charged service tax @ 4.12% on assessable value.
Say if My Company has paid to a travel agent for services taken from that travel agency,and that travel agency has taken abatment.then can I take credit for the service tax paid to that travel agency?The service provider has charged service tax @ 4.12% on assessable value.
CA KISHORE VANAMA
(Expert)
19 May 2010
hai shita patel i think u can take service tax credit
Madhukar N Hiregange
(Expert)
21 May 2010
Not 1/2006 bars any credit. However input services are eligible for if one is under composition or under not. 12/2003.
The service providers option has no effect on credits.
The service providers option has no effect on credits.
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