Input tax credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 March 2015
Dear expert
a event management company received cab service from individual service provider and paid tax (by service receiver on 40% ) now i want to ask receiver can take input tax credit on other service, i have confusion about that if company takes abatement of 60% then they can' t take any input credit or only on that portion of service tax on which abatement taken
a event management company received cab service from individual service provider and paid tax (by service receiver on 40% ) now i want to ask receiver can take input tax credit on other service, i have confusion about that if company takes abatement of 60% then they can' t take any input credit or only on that portion of service tax on which abatement taken
11 March 2015
Service receiver can take cenvat credit and utilize service tax paid on reverse charge mechanism fully.
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