Dear All!
Kindly guide me as to whether input tax credit is available in the following scenario.
A ltd has availed inspection service from B Ltd in respect of inpection of material in factory of P Ltd located in India. The inspected material is due for export to Thailand. Can A Ltd utilise the service tax paid on the invoice of B Ltd as input credit against its output service?
Arpan Bohra & Co
Hyderabad
CA Inter
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N N V Satish & Co.,
Hyderabad
CA Inter
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HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Final
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CCI
Pro
CAclubindia
