Dear All,
I Have on doubt.
X Pvt Ltd is a company engaged in Manufacturing. It does not provide any service,
Service Tax Registration also not being made.
However in Filing ER-1 forms can we take credit of ST paid on bils in that month.
Though ST Reg not there can we utilise the ST credit in determining actual liability for the month.
Please Advise.
You can avail credit of ST paid provided the input service on which you paid service tax should have some nexus with the finished product you manufacture either directly or indirectly. No service Registration is required
Fully agree with Khushbu
Synergy Keystone
Mumbai
CA
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CCI
Pro
CAclubindia
