Hi, I want to know under what conditions Service Tax Credit 20% available for utilisation.
Its urgent ......Pls
Thanks in advance.
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Service Tax
Replies (3)
I think it is when
u use services as input services for giving output MFG GDS /sevices and such GDS /Services are either exempt from duty or taxable
and u hae not maintained record for such
in such case u can avail 20 % of input cedit
wait 4 other replies too
20 % of Service tax input can be set off against output when the assessee is providing both taxable and exempt services and he is not maintaining separate books of accounts for the service tax paid for services received which he has utilised for providing both exempt & taxable services.
plz. sent me the financeial document as soon as it
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