Service Tax credit on Taxi hire bill
This query is : Resolved
10 April 2009
There are several bill raised by Sahara Holidays for taxi hire charges on our company in which service tax also included,
but in these bill , Service tax deducted @4.12%,
so can our company take Service tax credit on such bill on which service tax @4.12% included rather that 12.36%.
but in these bill , Service tax deducted @4.12%,
so can our company take Service tax credit on such bill on which service tax @4.12% included rather that 12.36%.
10 April 2009
The company is charging 4.12% because they are availing 60% exemption on the value of service provided. You can avail the credit of the amount of service tax paid on such bills.
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