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(Querist)
17 July 2009 I had bank charges to the bank which contains service tax at the rate of 12.36% and we receive service from one of the sub contractor at the rate 4.12% in composition scheme.

Can i set off above service tax i.e (12.36% against 4.12% Compsition Scheme)
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(Querist)
17 July 2009 Our Director's father holding shares in the company had written in his WILL that a Private Trust shall be formed after his death to hold some of the shares held by him in the comapany.

Following are my two queries:
1. Can a trust be created based on the WILL after the daeth of the testator?
2. If yes, in that case who will be the settlor of that trust?

Thank You in advance.
Lalit Soman
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Rajesh Kumar

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Rajesh Kumar (Expert)
19 July 2009 Yes, you can use the credit on input services.
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
19 July 2009 Both are input services and as long as you use the same in provding taxable services you would be eligible for credit.
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