Service Tax on Import of Services
This query is : Resolved
sharma.ctc@gmail.com
(Querist)
08 March 2011
Dear Experts...
Please solve my problem...
I have to deposit the Service Tax on Import of Services (Technical Know How provided by a Chinese Technician)
We paid him Rs. 7,78,896/- (US Dollar 15000)
Now my problem is that while making the online payment, I am confused that which Accounting Head to select.
Please also inform that, are we eligible to take the credit of the same or not.
Thanks in advance...
Waiting for a quick reply..
Please solve my problem...
I have to deposit the Service Tax on Import of Services (Technical Know How provided by a Chinese Technician)
We paid him Rs. 7,78,896/- (US Dollar 15000)
Now my problem is that while making the online payment, I am confused that which Accounting Head to select.
Please also inform that, are we eligible to take the credit of the same or not.
Thanks in advance...
Waiting for a quick reply..
08 March 2011
If the technical know how service is your input service for manufacture of excisable goods or provision of taxable service, cenvat credit can be taken.
sharma.ctc@gmail.com
(Querist)
08 March 2011
Thank You very much for your quick reply..
Yes, This input service is for building up a plant for manufacture of excisable goods.
Now please reply along with any circular (if any available)
Thanks & Regards,
BS
Yes, This input service is for building up a plant for manufacture of excisable goods.
Now please reply along with any circular (if any available)
Thanks & Regards,
BS
sharma.ctc@gmail.com
(Querist)
09 March 2011
Dear Mr. Nair..
I have made the above payment under the accounting head "Consulting Engineer" + EC +SHEC,
Now please tell me can i take the input of the same or not.
I have made the above payment under the accounting head "Consulting Engineer" + EC +SHEC,
Now please tell me can i take the input of the same or not.
Dhirajlal Rambhia
(Expert)
05 July 2023
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