Service Tax

hi,

i want to know what is percentage of tds deduction on credit card commission.

regards

arvind

The topic is quite vast. Will see if an updated article can be uploaded in a few days time. Maybe reading a commentary in any ST book would add the required knoweldge.

Hi Arvind

We can take the Service Tax credit on payment basis.

When we make the payment after that we have take the credit of service Tax which we paid to creditors.

u will get credit on payment basis, if only the service is directly related to your business....

Dear Friends

Please tell me about the service tax  treatment regarding the organisation which have exempted & non exempted service.

S.K.GUPTA

Service Tax credit should be taken only after making the full payment.

The otganisation which have both exempted and dutiable service, regarding availemnt of input credit, they should follow the provision of Rule 6 of Cenvat Credit Rules.