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Cenvat Credit

Queries 5545 views 6 replies

Dear All

Can service tax paid u/s 66A i.e. Service Tax payable on behalf of Foreign Service Provider be allowed for Cenvat Credit??

 

Replies (6)

Thanks for sharing sir,

thank u sir

Yes as long as the same is an "INPUT SERVICE" Most services on which ST is paid under rverse charge would be used for business. However oif used exclusively for non taxable services or trading or manufacture of exempoted goods then credit not availble.

Yes as long as the same is an "INPUT SERVICE" Most services on which ST is paid under rverse charge would be used for business. However oif used exclusively for non taxable services or trading or manufacture of exempoted goods then credit not availble.

 Yes.

It can Used as the Cenvat Credit.

--------

Ankur Shah(PCS)

“Guru Gautam” Bungalow, Inside Parshwa Tower,

Nr. Shyamal Cross Road, 132ft. Ring Road,

Satellite, Ahmedabad – 15

Contact: +91-9427633901

E-mail: ankurjewel @ gmail.com

Blog: csankur @ blogspot.com

 

Pls. provide sample board resolution required under section 297 before entering into contract for purchase & sale of goods.


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