Input tax credit on service tax paid
This query is : Resolved
29 June 2012
WE ARE PROVIDING TOUR & TRAVELS SERVICES LIKE HOTEL ROOM BOOKINGS, TAXI BOOKING,E-RAIL TKT,DOMESTIC AND INTERNATIONAL AIR TKT,VISA, FOREX ETC.
HOTELS ARE ISSUING BILLS TO US BY CHARGING SERVICE TAX @1.09% WHICH IS SOMETIME SEPARATELY SHOWN IN BILLS AND IN SOME CASES THEY ARE ISSUING BILLS AT NET FIGURE BY MENTIONING "INCLUDING SERVICE TAX" BUT NOT SHOWING EVEN SINGLE FIGURE OF SERVICE TAX CHARGED.
CRUX OF THE PROBLEM:
(1) WHERE SERVICE PROVIDER IS NOT SHOWING SERVICE TAX FIGURES/%RATE IN BILL WHETHER WE CAN ASSUMED THAT THE SAME IS INCLUDED SERVICE TAX AND SO MAKE BACKWARD CALCULATION OF BILL AMOUNT TO GET SEPARATE FIGURES OF BILL AMOUNT AND SERVICE TAX CHARGED BY HIM (AGAINST WHICH WE SHALL TAKE INPUT TAX CREDIT)
(2)THERE ARE MANY SERVICE PROVIDER WHO ISSUE BILLS TO US WHICH NOT CONTAIN BILL SERIAL NO., AND/OR SERVICE TAX REGISTRATION NO.AND ALSO THEIR BILLS ARE NOT IN PROPER FORMAT WHICH SELF SEEMS TO BE INVOICE .
PLEASE REPLY ONLY IF YOU POSSES GOOD COMMAND IN SERVICE TAX
HOTELS ARE ISSUING BILLS TO US BY CHARGING SERVICE TAX @1.09% WHICH IS SOMETIME SEPARATELY SHOWN IN BILLS AND IN SOME CASES THEY ARE ISSUING BILLS AT NET FIGURE BY MENTIONING "INCLUDING SERVICE TAX" BUT NOT SHOWING EVEN SINGLE FIGURE OF SERVICE TAX CHARGED.
CRUX OF THE PROBLEM:
(1) WHERE SERVICE PROVIDER IS NOT SHOWING SERVICE TAX FIGURES/%RATE IN BILL WHETHER WE CAN ASSUMED THAT THE SAME IS INCLUDED SERVICE TAX AND SO MAKE BACKWARD CALCULATION OF BILL AMOUNT TO GET SEPARATE FIGURES OF BILL AMOUNT AND SERVICE TAX CHARGED BY HIM (AGAINST WHICH WE SHALL TAKE INPUT TAX CREDIT)
(2)THERE ARE MANY SERVICE PROVIDER WHO ISSUE BILLS TO US WHICH NOT CONTAIN BILL SERIAL NO., AND/OR SERVICE TAX REGISTRATION NO.AND ALSO THEIR BILLS ARE NOT IN PROPER FORMAT WHICH SELF SEEMS TO BE INVOICE .
PLEASE REPLY ONLY IF YOU POSSES GOOD COMMAND IN SERVICE TAX
29 June 2012
GOOD QUESTION
03 July 2012
(2) Service Provider who issue bill without service tax Reg No will not be considered for service Tax credit.
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