Dear professional friends,
i have a doubt whether input credit is availbale on service tax which is paid on input services and used for output service but which are not taxable, can i take input credit and apply for refund
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input on service tax
Replies (4)
service tax on Input services used for rendering exempted output services are not entitled for cenvat credit or refund
Rule 6 of the CCR clearly sets out that the input services used for non taxable/ exempt services are not eligible for credit. The questionof subsequent refund also do esnot exist.
Rule 6(1) CCR provides that credit of input services, which is used for providing exempted services, is not available
URGENT!
please tell me if input tax credit can be availed on service tax paid for LC Discounted? if yes, what is the % of credit that can be availed?
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