09 July 2011
A company is paying service tax on Freight outward and inward both after rebatement.
Company is not taking the input credit of service tax on Freight inward as there is no other source where it utilize the credit. Is service tax is refendable for normal industries.......????? Give ur comments is company doing right...?????? Give answer with proper schedule and rule otherwise don't give
09 July 2011
input credit available only when output service goods are taxable and tax is payable under service tax or excise, when the dealer is under exemption of service tax and excise, such service tax paid as service tax receipent is neither refundable nor adjustable anywhere,
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