input tax credit

This query is : Resolved

Sumit Kumar (Querist)
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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

U S Sharma

U S Sharma (Expert)
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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,

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