Procedure for availing Service Tax Credit.
This query is : Resolved
Guest
Guest
(Querist)
10 September 2010
ABC is a firm engaged in the business of courier agency.
ABC is an assessee registered with service tax.
ABC serves for Branded Courier, First Flight.
Query
What is the general procedure for availing service tax credit for the firm, ABC ?
Ans : .....................
Can the firm avail service tax credit on all the bills (in the firm name) raised by the suppliers ?
Ans : .....................
Whether any specific registers to be maintained.
Ans : .....................
I shall wait for your views.
ABC is a firm engaged in the business of courier agency.
ABC is an assessee registered with service tax.
ABC serves for Branded Courier, First Flight.
Query
What is the general procedure for availing service tax credit for the firm, ABC ?
Ans : .....................
Can the firm avail service tax credit on all the bills (in the firm name) raised by the suppliers ?
Ans : .....................
Whether any specific registers to be maintained.
Ans : .....................
I shall wait for your views.
CMA Ramesh Krishnan
(Expert)
10 September 2010
Cenvat credit can be claimed as per applicable cenvat credit rule( Cenvat for input services and Cenvat on capital goods can be claimed)
For claiming Cenvat credit, the invoice may not be in the name of firm, but it should be related to the out put service
Need to maintain the Cenvat credit taken and utilised full details in a register
For claiming Cenvat credit, the invoice may not be in the name of firm, but it should be related to the out put service
Need to maintain the Cenvat credit taken and utilised full details in a register
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