Hi, I want to know under what conditions Service Tax Credit 20% available for utilisation.
Its urgent ......Pls
Thanks in advance.
Menu
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
Recent Threads
- How to show SGB interest in iTR
- How to file income tax return of ATM franchisee bu
- ITR Filing in case of deceased person
- Stuck with Schedule FSI in ITR 3
- Rental property gst claim genrator expense
- Gst on rental.
- TDS on Rent on joint property
- Cost of acquisition of a residential property acqu
- Updated IT Returns u/s 139 (8A)
- Conversion of Capital Asset (Shares) into Stock in
Related Threads
CAclubindia
