Input tax credt
This query is : Resolved
30 June 2014
How we can get input tax credit on service tax paid during our management and consulting services.
Is it required that all the bills of our business expenses should have bifurcation of service tax (12+2+1%) to get input tax credit..???
Is it required that all the bills of our business expenses should have bifurcation of service tax (12+2+1%) to get input tax credit..???
Arun Kumar Singh
(Expert)
30 June 2014
Any input services used in the proving of output service you can take the cenvat credit. At the time of duty payment you can utilise the same.
30 June 2014
But if we have invoice without bifurcation of St+Cess+EC can we claim for the same and how should apply for the claim..???
Arun Kumar Singh
(Expert)
30 June 2014
Yes, you can claim the all inputs after bifurcation.
30 June 2014
Sir please confirm...
i have telephone bill of Airtel where we paid st included in bill amount and the bill is showing only 12.36% amount without bifurcation of this 12.36% St...Can we claim for whole 12.36% paid by us as input tax credit....????
And if we claimed already like this is there any penalty in service tax act....???
i have telephone bill of Airtel where we paid st included in bill amount and the bill is showing only 12.36% amount without bifurcation of this 12.36% St...Can we claim for whole 12.36% paid by us as input tax credit....????
And if we claimed already like this is there any penalty in service tax act....???
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