Input credit on negative list of service tax

sir ,

can take input credit on negative list items of service tax and what procedure to be followed in st-3 return

Replies (2)

Negative list suggest that there is no tax incidence on it hence no question of service tax charging on services provided in negative list so question of taking credit does not exist.

Originally posted by : CA Ashish Lodha

Negative list suggest that there is no tax incidence on it hence no question of service tax charging on services provided in negative list so question of taking credit does not exist.

Totally agreed with Sir...

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