Input tax credit
This query is : Open
18 October 2012
BEING AN SERVICE RECIPIENT IS IT POSSIBLE TO CLAIM CENVAT CREDIT OF SERVICE TAX PAID ON THE SECUIRITY AGDENCIES AND DIRECTORS SITTING FEES IS THERE ANY PROVISIONS REGARDING THE CLAIMING OF CENVAT IN THE SERVICE TAX RULES IF YES HOW WE CAN PROCEED
18 October 2012
Yes, On the basis of payment challan Receiver can claim CENVAT credit.
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18 October 2012
Thank you sir, But please tell this is correct or not
1. Input tax credit on security A/c-- Dr
To service tax payable on said service a/c----
2. Service tax payable on said service a/c--
To bank
here input tax credit account is showing debit balance then how should we consider and avail such tax credit
1. Input tax credit on security A/c-- Dr
To service tax payable on said service a/c----
2. Service tax payable on said service a/c--
To bank
here input tax credit account is showing debit balance then how should we consider and avail such tax credit
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