Service tax Credit
This query is : Resolved
14 July 2011
Dear Expert,
We have received one itme for repairing from our client. As we don't have any in house facility, we have given the same to anohter vendor and has claimed service tax. After receipt of the bill from vendor we will charge to our customer at actual basis with applicable rate of service tax. Now my question is that can we take credit of Service tax that the vendor has claimed on the bill.
We have received one itme for repairing from our client. As we don't have any in house facility, we have given the same to anohter vendor and has claimed service tax. After receipt of the bill from vendor we will charge to our customer at actual basis with applicable rate of service tax. Now my question is that can we take credit of Service tax that the vendor has claimed on the bill.
14 July 2011
yes, service tax paid on bills is eligible for input credit, provided you are charging full rate of tax, and not availing any abatement.
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