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 ?
CA Vikas Acharya
(Expert)
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
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