Service Tax Set-off
This query is : Resolved
18 November 2008
Dear All,
Can the Service Tax paid by a client to his vendors be set off against the service tax which the client claims from his customers?
Thanks,
Sagar Kulkarni
Can the Service Tax paid by a client to his vendors be set off against the service tax which the client claims from his customers?
Thanks,
Sagar Kulkarni
18 November 2008
For a service provider, all goods except light diesel oils, HSDO, Petrol and motor vehicles used for providing any output services qualifies as input and credit is available.
20 November 2008
Could you please explain a little more in detail please? Thank you..
03 April 2012
The service tax paid by the assessee will be claimed as Input Service Tax and the same shall be set off against the service tax payable.
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