Input tax credit
This query is : Resolved
12 May 2014
hello ... i just want to know whether anybody cn avail service input tax credit ..... for payment made towards coaching fee to coaching center ... n wat will be d procedure ...??
Anshul Jain
(Expert)
12 May 2014
Input credit of tax paid on fees paid to coaching center is an eligible input credit only if such input service i.e. coaching has been obtained in order to provide a taxable output service.
In case such coaching has no nexus with the output service/manufacturing of taxable goods, no CENVAT can be claimed. Such tax should be written off as an expense in the PL a/c.
In case such coaching has no nexus with the output service/manufacturing of taxable goods, no CENVAT can be claimed. Such tax should be written off as an expense in the PL a/c.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Nursery business
- Tax on Amount transferred in HUF Account
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Intimation under section 245
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
