INPUT ON SERVICE TAX
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
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
(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
(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.
And if separate books not maintained then 20% of the total amount of Credit can be claimed.
Laxmi Narayana Sahu
(Querist)
10 March 2008
Thanks ,Please quote the rference Service Tax Law
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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