Service Tax on Import of Services

This query is : Resolved

sharma.ctc@gmail.com (Querist)
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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..

CA Unnikrishnan Nair N

CA Unnikrishnan Nair N (Expert)
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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

sharma.ctc@gmail.com (Querist)
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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

sharma.ctc@gmail.com

sharma.ctc@gmail.com (Querist)
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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.