Input tax credit
This query is : Resolved
Nihar Ranjan
(Querist)
05 October 2016
Dear Expert,
Plz suggest, whether service tax paid on telephone bill, internet bill, & any other service we received adjusted against service tax payable to Govt.( Like input tax credit adjusted against output vat)
CA Aman kesharwani
(Expert)
05 October 2016
Dear Nihar,
If the said services are used in your business i.e. not for personal use then only Credit for service tax paid to govt on said service will be utilized against service tax payable by you.
If the said services are used in your business i.e. not for personal use then only Credit for service tax paid to govt on said service will be utilized against service tax payable by you.
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