Query with regard to Service Tax Credit.


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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?

06 September 2009 Sir,

No such %age.

The entire eligible tax paid on input service is available.

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.

06 September 2009 plz note input credit you can take on related services only..


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