Input service tax credit
This query is : Resolved
Asad Quadri
(Querist)
29 October 2016
We proving Money Changing service ( Under banking and Other Financial service ) and paying service tax at the rate .14%, .07%, .014% as applicable. I want to know that whether we are eligible for service tax credit on service tax paid on rent, etc and can we utilised the credit against money changing service. Likewise we are also providing tour operator and ticketing service ca we utilised on that.
KAVIRAJA ADDANGADI
(Expert)
31 October 2016
Yes, you can take service tax credit on Rent, telephone and professional fees paid incidental activity pertains to your business.
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