we are providing consultancy services, can we take the cenvat credit of service tax which is paid by us on taking the consultancy services from outside professional ???
we are providing consultancy services, can we take the cenvat credit of service tax which is paid by us on taking the consultancy services from outside professional ???
yes offcourse ...beause CC can be taken for input services...and counsultancy services taken from outside is an input service for your firm...
is there any circular or notification??
As per Rule 2 (i) of Cenvat Credit Rules,2004 input service" means any service,-
(i) used by a provider of taxable service for providing an output service
Here your output taxable service is consultancy .....so you are receiving servs of other consultants which is input service for your firm....
Hope its clear!!!
thanx
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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