Service Tax Input Credit
This query is : Resolved
RANDHIR KUMAR SINGH
(Querist)
05 November 2008
Hi,
We are primarily manufacturer of Industrial gases and we also provide onsite and consulting services for which we charge service tax billed from H.O.
We have input services relating to telephone,mobile,consulting services etc.
My question is
1.where we can utilise the service tax input credit for the same?
2.If yes to what extent I.e,20% of output tax liability or 100% of Input Credit.
3.What records we are suppose to maintain.
please vet the answers with provisions or case laws if any.
thx. n waiting for early reply
We are primarily manufacturer of Industrial gases and we also provide onsite and consulting services for which we charge service tax billed from H.O.
We have input services relating to telephone,mobile,consulting services etc.
My question is
1.where we can utilise the service tax input credit for the same?
2.If yes to what extent I.e,20% of output tax liability or 100% of Input Credit.
3.What records we are suppose to maintain.
please vet the answers with provisions or case laws if any.
thx. n waiting for early reply
Ram Avtar Singh
(Expert)
06 November 2008
if you are registerd in Service Tax then you can take credit.
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