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Query with regard to Service Tax Credit.

This query is : Resolved 
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Guest

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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?
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
06 September 2009 Sir,

No such %age.

The entire eligible tax paid on input service is available.
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CA Suresh Choudhary

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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.
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Nazir

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