Hallo to All
> I have one querry :: My Auditee is an 100 % Export Service Provider
> Has got an exemption on export of said service in previous service and now not laible to pay service tax on export of this service.
> But been taking tax credit on input service used in this regard.
Question :: Now will he be entitled to claim credit of tax on the said input service or to claim it as an expense or to claim refund ????
He cannot claim it as input credit.
this question query was published in joournal
one article is there this was published in icai students journal ucan verify and u get full details
this question query was published in joournal
one article is there this was published in icai students journal ucan verify and u get full details
With regard to the query,
there are 2 options, you can go for refund under Rule 5 or else you can go for rebate under Notification 11/2005. Or you can go for a setoff of this input credit against domestic tariff area clearance or output service tax payable.
Hi
incase of 100% EoU, scope for set off of input service tax on out tax will not be there. Hence, you can go for refund procedure as per notification no.12/2005, which requires prior intimation to service tax dept. for each export and claiming input service tax subsequently in prescribed form.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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