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.
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
