Service tax input credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 May 2013
shall i take service tax input credit on the car hire services ? can i adjust this service tax input credit against my service tax liability ?
16 May 2013
on car hire you have to pay service tax on reverse charge basis,
if you pay 100% tax then yes you can
if tax on 40% value(means on abated value), then you have to pay 40% of that 40% value as reverse charge and then no credit allowed.
in 1st case u can take the credit on the basis of payment challan
if you pay 100% tax then yes you can
if tax on 40% value(means on abated value), then you have to pay 40% of that 40% value as reverse charge and then no credit allowed.
in 1st case u can take the credit on the basis of payment challan
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR selection for salaries and capital gain less than L
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 2 Short Term gain & Long term gain
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
