Service Tax Input on Services regarding Machinery
This query is : Resolved
Deepak Sharma
(Querist)
12 July 2008
We have import a machine; We have paid Insurance and Clearing & Forwarding Chages thereon. These charges includes Service Tax
Can We take Service tax Input credit regarding above charges ?
If Yes, Can It claim in same year or 50% in same year & 50% in next year ?
I am bit confuse because according to definition of "Service tax input Credit" in the case of Maufacture; Service tax credit is available only when services is related to direcetly & indirectly Production
But above said services are related to clearinf & Forwarding of Machinery not Raw Material or Production
Please give me proper suggestion
with rerard
Can We take Service tax Input credit regarding above charges ?
If Yes, Can It claim in same year or 50% in same year & 50% in next year ?
I am bit confuse because according to definition of "Service tax input Credit" in the case of Maufacture; Service tax credit is available only when services is related to direcetly & indirectly Production
But above said services are related to clearinf & Forwarding of Machinery not Raw Material or Production
Please give me proper suggestion
with rerard
Shyam Lal Naik
(Expert)
12 July 2008
100% after making payment in the same year. These are tax on input service, not duty on capital goods.
Deepak Sharma
(Querist)
14 July 2008
let me know
Dhirajlal Rambhia
(Expert)
18 June 2023
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