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Input tax credit of service tax
can we avail input tax credit 1.67% on total service tax charged by the vendor in his bill.
Replies (2)
If you have not adopted abatement for the service which you provide, you can take provided such credit is allowed by the Act.
Hi. As long as the services are the same as covered by rule 2(l) of cenvat credit rules, 2004 and as previously stated by Sundarajan, the payment thereon is not made by availing abatement, you can take the credit. Nature of service does matter for availing credit.
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