Service tax credit on vehicle servicing
This query is : Resolved
13 June 2014
Dear Experts,
We have our Own Tempo on company name.
If we are service this tempo though XYZ service Center and they charged the Service tax on total value of service and they are also charging Material value which they have replaced from the Tempo.thy have also added VAT 4% + 1% on Material Value
Example:
Service Value : 5000
Service Tax (12.36%) : 618
Material Value : 1000
Vat (4% + 1%( : 50
Total Invoice Value : 6668.00
In this case can we avail the both Service Tax Credit and Input VAT Credit....
Please advice
Thanks!
Sohil Patel
We have our Own Tempo on company name.
If we are service this tempo though XYZ service Center and they charged the Service tax on total value of service and they are also charging Material value which they have replaced from the Tempo.thy have also added VAT 4% + 1% on Material Value
Example:
Service Value : 5000
Service Tax (12.36%) : 618
Material Value : 1000
Vat (4% + 1%( : 50
Total Invoice Value : 6668.00
In this case can we avail the both Service Tax Credit and Input VAT Credit....
Please advice
Thanks!
Sohil Patel
CA UMESH DULAL
(Expert)
13 June 2014
If tempo is used for providing the service and you have not opted for abatement, then you can take credit.
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