Dear Seniors & Experts,
Kindly let me know whether we can avail the Input credit of Service Tax while paying the Same in follwing cases.
1) If company having Domestic and Export services , does company has to maintain two accouts for bifurcationg the Expeniture and Income ? I understand from our Auditor that we need to bifurcate the expenses as company having Export s as well If wanted to avail the Input Credit.
2) If company haveing Exports services , if wanted to avail the Input credit, does company need to pay @ 8% Service Tax on Export Invoices from Company pocket ? Is it correct ?
3) Can we maintain a detailed excel sheet of Input credit details follwing by a copy of all Invoices for availing the credit ?
In view of the above, I request you all kindly guide me how can we avail the input credit as we are paying Service Tax on Rental, Professional services which are seizable on monthly basis.
you kind reply in this regard would be appreciated.
CAclubindia
