Can we take the Input Credit of Service Tax paid on Franchisee Fees paid? If yes, when could we take the credit of the same - whether the credit of whole amount could be taken now at once or it has to be taken in instalment in 5 years when we will write off the franchisee fees over this period?
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Input credit of service tax paid on franchisee fees
Replies (6)
Yes.credit can be taken as the fee has a direct nexus with output services provided by you...you couldn't have provided the output service without taking such franchisee...
There is no such provision for deferment of credit under service tax law...can be availed within one year of invoice and can be utilized without any time limit..
Does Frnachisee - means renting of brand name?
We can take it. Its a direct input.
We can take it. Its a direct input.
We can take it. Its a direct input.
We can take it. Its a direct input.
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