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INPUT SERVICE TAX CREDIT

This query is : Resolved 

04 November 2008 I HAVE TWO QUERIES
1. ARE WE ELIGIBLE TO TAKE CREDIT OF INPUT SERVICE TAX RECEIVED EVENTHOUGH SUCH SERVICE IS NO WAY RELATED TO OUR OUT PUT SERVICE?
2. SINCE WE TAKE INPUT SERVICE TAX CREDIT WHAT IS THE RATE OF SERVICE TAX WE NEED TO DEPOSIT IN RESPECT OF FREIGHT PAYMENT TO TRANSPORT AGENCIES? IS IT 12 % OR 3%?

04 November 2008 OPEN

04 November 2008 1) No
2) Service tax 12% + edu.cess 2% + she cess 1% aggregating to 12.36%


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