INPUT ON SERVICE TAX

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This query is : Resolved

Laxmi Narayana Sahu (Querist)

07 March 2008 BRIEF BACK GROUND:

WE ARE A TRADER TRADING PRODUCTS ACROSS THE COUNTRY AND SIMUNTANIOUSLY WE ARE ALSO GIVING SERVICES LIKE AMC,COMMISSIONING & INSTALLATION ON WHICH WE ARE LEVING SERVICE TAX .

1.CAN WE CLAIM INPUT SERVICE TAX ON SERVICE TAX PAID ON DAY TO DAY EXPENSES LIKE ON TELEPHONE BILLS ,ADVERTISEMENT BILLS,AMC BILLS.
2.THE EXPENSES ARE INCURRED FOR THE ENTIRE BUSINESS OF TRADING & GIVING SERVICES.CAN PROPORTIONATE CLAIM MAY BE MADE.

PLEASE QUOTE THE REFERENCE PROVISIONS OF SERVICE TAX

MANAS ROUT

MANAS ROUT (Expert)

08 March 2008 yes if you are maintaining separate record for each kind of service then you can take the input accordiingly otherwise if you are not maintaining sepaate records then 20% of the amount of input only you can claim.

CA J M Pattanayak

CA J M Pattanayak (Expert)

10 March 2008 S. You can claim Input Credit only on the service provided by the organisation.

And if separate books not maintained then 20% of the total amount of Credit can be claimed.

Laxmi Narayana Sahu

Laxmi Narayana Sahu (Querist)

10 March 2008 Thanks ,Please quote the rference Service Tax Law

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)

10 March 2008 IF MAINTAINED BOOKS SEPERATELY THAN CREDIT IN RESPECT OF SDERVICE PROVIDED OTHERWISE 20% OF TOTAL AMOUNT OF CREDIT CLAIMED

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