Taxation of Service (Foreign Expenditure)
This query is : Resolved
18 December 2009
Can anyone tell me is it admissible to make payment of service tax on foreign expenditures and afterwards are we entitled to take credit of that service tax amount.
As our company's Director had gone outside india for business purpose and he had hired a car there and also a telephone expenses were made.
But all these was under business purpose as business related to any work which indicated commerce and industry.
But the excise people are saying that we should not pay this amount and not are entitled to take credit agst it .
Rules 2006
Please reply at Chetan_cares4u@yahoo.co.in
Awaiting 4 ure quick reply.
As our company's Director had gone outside india for business purpose and he had hired a car there and also a telephone expenses were made.
But all these was under business purpose as business related to any work which indicated commerce and industry.
But the excise people are saying that we should not pay this amount and not are entitled to take credit agst it .
Rules 2006
Please reply at Chetan_cares4u@yahoo.co.in
Awaiting 4 ure quick reply.
18 December 2009
Deserves all praise for quest. Out rightly no credit is admissible.
In legal terms please note that Rule 3 of the CENVAT Credit Rules,2004 allows the credit of service tax levied under Section 66 of the Finance Act,1994. As these payments were not against levy under Section 66 of the Finance Act,1994 which applies only in India except(J&K), no credit is admissible.
For further query, feel free to write sanjayinfbd@yahoo.com (M-09350048731) or visit, HNO. 2489/8,Faridabad(Haryana)
In legal terms please note that Rule 3 of the CENVAT Credit Rules,2004 allows the credit of service tax levied under Section 66 of the Finance Act,1994. As these payments were not against levy under Section 66 of the Finance Act,1994 which applies only in India except(J&K), no credit is admissible.
For further query, feel free to write sanjayinfbd@yahoo.com (M-09350048731) or visit, HNO. 2489/8,Faridabad(Haryana)
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
- Difference between Date of Payment and Date of Deduction?
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST Rate for Catering Services
- FCRA 6 E- Intimation
- NRI starting business in India
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- Filling ITR - U
- Form 140 tds
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
