service tax input credit
This query is : Resolved
11 June 2009
Dear All,
I am working in an IT enabled service provider organisation.We provide AMC & maintainance services to customers.
While making monthly payment of service tax, we adjust input service tax paid & pay net amount.However there is one problem i am facing that service tax input paid on services like telephone, communication, banking & finance , transportaion,repairs & maintainance etc. is more than service tax collected .
Now question arises that should we pay service tax for the particular month or claim for refund ?
I am working in an IT enabled service provider organisation.We provide AMC & maintainance services to customers.
While making monthly payment of service tax, we adjust input service tax paid & pay net amount.However there is one problem i am facing that service tax input paid on services like telephone, communication, banking & finance , transportaion,repairs & maintainance etc. is more than service tax collected .
Now question arises that should we pay service tax for the particular month or claim for refund ?
Madhukar N Hiregange
(Expert)
11 June 2009
This indicates that your profitability may not be there at all or you provide other services. If so see Rule 6 of CCR.
There is no provision for refund of unutilised credits unless you are involved in export of services.
You can accumulate for furture years.
There is no provision for refund of unutilised credits unless you are involved in export of services.
You can accumulate for furture years.
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