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
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.
CAclubindia
