27 February 2008
I need clarification in notification mentioned that what are the services covers under CENVAT credit of service tax on input services as mentioned in notification. please give me examples as much as possible
27 February 2008
in the said notification abatement rate are given ,i.e ,tax is to calculated at lesser rate for e.g mandap keeper ,if providind food also then rate will be 12- 40%= 7.20% + 3% education cess.
01 March 2008
You can take credit of all the services, so long you are able to establish "in relation" to your business activities as a manufacturer or service provider.
The only credit restricted is on outward transportation, which the budget 2008 has clearly done so.
Still if you have any inquiry, feel free to seek clarification
CAclubindia
