SERVICE TAX CREDIT

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Jiwan singh

service

393 Points Joined June 2008

Can I take credit of SERVICE TAX (Input service)

1- Stationery (AMC of Photocopy machines or monthly charges of Photocopy machines)

2- Courier charges ( all correspondence of company)

3- Traveling exp. ( service tax on hotel bills of client and employee (employee gone for business purpose)

4- Import / Export exp.

5- Mobile bills

What is the CONCEPT of Service tax credit , Please detailed

Can we take credit of all input service tax, whether its used for production,marketing,account & other

Thanks & Regards

Jiwan singh

Replies (2)

Yes, You can take all input service tax credit, which is related to your business. If you are not providing any exempted service u can take all eligible service tax credit as quated in your query. If you are providing taxable as well as exempted service you can not take 100% credit. For that you have to follow the rule 6 of Cenvat credit rules.