Input tax credit
This query is : Resolved
14 October 2011
Can service tax credit be taken on rent a cab service?
To be more clear, i am running a factory and i am using some cab services for the employees in my factory.In such case can i take credit of such service?
please give notification or any other reference if possible.
To be more clear, i am running a factory and i am using some cab services for the employees in my factory.In such case can i take credit of such service?
please give notification or any other reference if possible.
14 October 2011
The basic rule to avail Service Tax Input is, it should be related to input items for generation of income. So, can't be taken in your case.
The service tax paid on any expenses, which do not participate in income generation can't be available to adjust from service tax payable on income.
Eligibility to take service tax credit changes as per the nature of income generated.
The service tax paid on any expenses, which do not participate in income generation can't be available to adjust from service tax payable on income.
Eligibility to take service tax credit changes as per the nature of income generated.
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