Tax credit
This query is : Resolved
Amar gupta
(Querist)
09 March 2011
Is service tax credit allowed from Excise duty and vice-versa ?
And also Can service tax paid on services such as courier services, Chartered accountancy services, travel agency services can be adjusted from service tax liability of an organization.
Please reply.
Thanks in advance.
And also Can service tax paid on services such as courier services, Chartered accountancy services, travel agency services can be adjusted from service tax liability of an organization.
Please reply.
Thanks in advance.
10 March 2011
Cenvat credit from service tax can be utilised for payment of excise duty if there a nexus between the input service and manufacture. All the mentioned input services qualifies for cenvat credit. After 01-04-2011 scope of input service is restricted and the above position may be changed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Appointment of Auditor By Form ADT-1
- Gratuity paid to legal heir above 20 lakh is taxable or not
- RCM and same line
- ARCA LOGIN
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
