service tax query
This query is : Resolved
02 July 2010
Dear all,
If a company is exempted from service tax;what will happen when it has to pay service tax raised by party?
secondly; if the same company voluntarily registered under service tax, what will happen for the same case?
If a company is exempted from service tax;what will happen when it has to pay service tax raised by party?
secondly; if the same company voluntarily registered under service tax, what will happen for the same case?
Shyam Lal Naik
(Expert)
02 July 2010
The company does not provide any taxable service. The service tax charged by vendors/service suppliers shall be an expenditure. You can not claim benefit of Credit.
The position will remain the same, even if the company registration voluntarily, since credit can be taken only if input services are utilised for providing out service or manufacture of excisable goods.
The position will remain the same, even if the company registration voluntarily, since credit can be taken only if input services are utilised for providing out service or manufacture of excisable goods.
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