Service tax
This query is : Resolved
11 January 2014
HI ALL,
SOMEONE TELL ME IF I PROVIDE SECURITY SERVICES AND CHARGE SERVICE TAX ON THAT, AND I RECEIVE SECURITY SERVICE FROM OTHER SERVICE PROVIDER CAN I GET CREDIT ON THE PAYMENT OF SERVICE TAX....
THANKS IN ADVANCE.
SOMEONE TELL ME IF I PROVIDE SECURITY SERVICES AND CHARGE SERVICE TAX ON THAT, AND I RECEIVE SECURITY SERVICE FROM OTHER SERVICE PROVIDER CAN I GET CREDIT ON THE PAYMENT OF SERVICE TAX....
THANKS IN ADVANCE.
12 January 2014
Yes credit of service tax paid on input service can be used to pay service tax on output service.
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12 January 2014
Hi Annu thanks for you reply, please clear one thing if i provide service of Rs. 112.36 (including service tax @12.36%) and received service of Rs. 56.18 (Including Service tax) than how much service tax I liable to be paid.
12 January 2014
As service provider you are liable to pay 25% i.e 3.09.(12.36*25%).whereas as service receiver you have paid 6.18(25% to service provider and 75% to government directly).you can utilize whole 6.18 input service tax credit while paying 3.09.
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