SERVICE TAX INPUT CREDIT AND STPI UNITS
This query is : Resolved
09 January 2008
CAN SOME PLS TELL ME IF STP UNITS CAN CLAIM THE SERVICE TAX INPUTS WHATEVER THEY PAY ON INPUT SERVICES??? CAN U PLS GIVE ME THE DETAIS AS TO WHICH ALL INPUTS CAN BE CLAIMED AS REFUND???
FURTHER IF IT CAN BE CLAIMED AS A CREIDT CAN YOU PLS GIVE ME THE DETAILS AS TO WHICH NOTIFICATION FROM THE DEPT NOTIFIES THE SAME????????
FURTHER IF IT CAN BE CLAIMED AS A CREIDT CAN YOU PLS GIVE ME THE DETAILS AS TO WHICH NOTIFICATION FROM THE DEPT NOTIFIES THE SAME????????
19 February 2008
The Software Technology Park (STP) scheme is a 100% export oriented scheme as such for STP Units which do not have domestic billings and who consequently cannot avail of input credit in terms of the service tax paid by them on any input service including rentals, such service tax paid by them can actually be claimed as a refund from the Government under Section 11B of the Central Excise Act, 1944.
Further, service tax is not applicable on export of services.
It is not known from your inquiry what benefit you intend to derive by taking cenvat credit, instead you can apply for refund of duty.
If you can please provide more inputs on your option of why you want to take the cenvat credit, when all your output is export.
Further, service tax is not applicable on export of services.
It is not known from your inquiry what benefit you intend to derive by taking cenvat credit, instead you can apply for refund of duty.
If you can please provide more inputs on your option of why you want to take the cenvat credit, when all your output is export.
Taranjit Singh
(Expert)
17 October 2009
Resolved
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
- Gst credit note by supplier
- Missed uploading GST Invoice
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Query on effect of registration of property
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
