Dear Sir,
Is There is a input credit is possible for our bussiness based service tax paid. I am accountant in lodging house and we collect the service tax from the customer and remit also. But we pay service tax for manpower and some other services for business purpose only. so if possible to adjust that amount in our lodging rent service tax collecting from the customer for taking a input credit.
please tell me.
Some one told me that. So i confused.
CAclubindia
