Regarding credit of input service
This query is : Resolved
24 December 2015
Hello,
I am selling cars for which I have paid to have advertisement in newspaper. By advertising agency on bill amount they had charged service tax from us.
Now my question is whether service tax paid on input service of advertisement is eligible for credit of input service.
I am selling cars for which I have paid to have advertisement in newspaper. By advertising agency on bill amount they had charged service tax from us.
Now my question is whether service tax paid on input service of advertisement is eligible for credit of input service.
Trinadharao Adigarla
(Expert)
24 December 2015
We have Service Tax Registration and Collect of service Tax on Service Income ,must take input credit of Advertising Agency bill.
24 December 2015
Sir, but I am selling car and paying service tax on commission income. So whether I can take credit of input service of advertisment.
CA R SEETHARAMAN
(Expert)
24 December 2015
If the commission income is for selling the car then cenvat credit can be claimed on advertisement.
24 December 2015
Commission income is from Financer and on warranty, so now can I claim service tax credit on input service of advertisement.
CA R SEETHARAMAN
(Expert)
24 December 2015
You ca't claim it..........
24 December 2015
Thank You sir for replying, but is any specific reason for it.
CA R SEETHARAMAN
(Expert)
24 December 2015
For claiming cenvat credit the input service has to be utilized for providing out put service as per cenvat credit Rules.
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