Query with regard to Service Tax Credit.

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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?

Shyam Lal Naik

Shyam Lal Naik (Expert)
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06 September 2009 Sir,

No such %age.

The entire eligible tax paid on input service is available.

CA Suresh Choudhary

CA Suresh Choudhary (Expert)
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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.

Nazir

Nazir (Expert)
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06 September 2009 plz note input credit you can take on related services only..

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