Service Tax Set Off
This query is : Resolved
Bharat Rajgor
(Querist)
26 June 2009
I have two doubts regarding taking service tax set off which are mentioned below.
1.If the vendor raises the Debit Note for some professional charges & charges the service Tax on that then can we take set off of that against Excise payment ?
2.Is there any time period for taking set off of service tax that one can take set off service tax within the six months after payment?
1.If the vendor raises the Debit Note for some professional charges & charges the service Tax on that then can we take set off of that against Excise payment ?
2.Is there any time period for taking set off of service tax that one can take set off service tax within the six months after payment?
Madhukar N Hiregange
(Expert)
26 June 2009
If it is against a valid invoice of the service provider then the credit can be set off against the CED payable from 10.9.2004. However the credit should be eligible- used in or in rleation to manufacture or clearacne orf goods or used in set up... marketing etc or used for busienss.
No time limit for availing set off.
No time limit for availing set off.
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