Dear All,
We are in the business line of Car sales & services(Dealer).My query is when we hae the common input services(used for both sales & services).On what basis we have to take the input service tax credit???and how much amount we can avail as an input tax credit...
Please express your views on the same..
Regards,
Srikanth
1.You needs to maintain different set of account
2. you need to pay 6% of the exempted service
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CAclubindia
