Query with regard to Service Tax Credit.
This query is : Resolved
Guest
Guest
(Querist)
06 September 2009
Query with regard to Service Tax Credit.
Is there any Percentage fixed for taking Service Tax Credit ?
If so, what is the percentage and it’s applicability.
For example,
What is the percentage for a Partnership Firm, engaged in Trading / Manufacturing Activity?
What is the percentage for a private company, engaged in Management Consultancy Service?
What is the percentage for a private company, engaged in Software Development?
Is there any Percentage fixed for taking Service Tax Credit ?
If so, what is the percentage and it’s applicability.
For example,
What is the percentage for a Partnership Firm, engaged in Trading / Manufacturing Activity?
What is the percentage for a private company, engaged in Management Consultancy Service?
What is the percentage for a private company, engaged in Software Development?
Shyam Lal Naik
(Expert)
06 September 2009
Sir,
No such %age.
The entire eligible tax paid on input service is available.
No such %age.
The entire eligible tax paid on input service is available.
CA Suresh Choudhary
(Expert)
06 September 2009
Agree with expert.
No such percentage is applicable.
the entire ST paid on the input services is eligible for the cenvat credit.
No such percentage is applicable.
the entire ST paid on the input services is eligible for the cenvat credit.
06 September 2009
plz note input credit you can take on related services only..
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