input tax credit
This query is : Resolved
24 June 2011
Dear Sir,
We are the manufacturing Pvt Ltd Co.
We are liable to Pay Service Tax on account of receipeint of Service u/s 68 (Reverse Charge) in respect of Goods Transport Agency. we are also availing the abatement of 75% & Pay Service Tax on 25% amount @10.3%.Please Clarify us whether we can take the credit of Service Tax on Input Services & Utillise it for the payment of Service Tax .
List of Input Service are:
(1) Inland Haulage Exp
(2) Cartage Inward (Local)
(3) Auditor Remuneration
(4) Clearing & Forwarding Charges
(5) Repair & Maintenance
(6) Telephone Exp
(7) Service Tax Paid to Bank on L/C Opening Charges, Buyer's Credit Charges,DD Payable to Foreign Supplier.
Please clarify the above. I shall be thankful
We are the manufacturing Pvt Ltd Co.
We are liable to Pay Service Tax on account of receipeint of Service u/s 68 (Reverse Charge) in respect of Goods Transport Agency. we are also availing the abatement of 75% & Pay Service Tax on 25% amount @10.3%.Please Clarify us whether we can take the credit of Service Tax on Input Services & Utillise it for the payment of Service Tax .
List of Input Service are:
(1) Inland Haulage Exp
(2) Cartage Inward (Local)
(3) Auditor Remuneration
(4) Clearing & Forwarding Charges
(5) Repair & Maintenance
(6) Telephone Exp
(7) Service Tax Paid to Bank on L/C Opening Charges, Buyer's Credit Charges,DD Payable to Foreign Supplier.
Please clarify the above. I shall be thankful
24 June 2011
1,2,5 looks qualified input services,
GTA receipent service tax should be paid in cash only,
you have not provided your taxable service you are providing,
GTA receipent service tax should be paid in cash only,
you have not provided your taxable service you are providing,
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