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Credit of service tax
Dear all,,, one query If one firm is engaged in both trading nd servicing... will the credit of service tax is available in full or not e.g., service tax paid on rent of dat premises,, service tax on electricity bill or telephone bill.. nd one more question... will the credit of service tax paid on restaurants bill is available..!!!!??!!
Replies (3)
No proportionate credit would be available
Credit is available for services used in providing the out put service hence normally credit if restaurant bill woukd not be available
Sir,, if electricity bill is 5000... How can I proportionately divide it into services nd trading...!!!??!!
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