service tax credit

Queries 1219 views 3 replies

Dear All

kindly throw light on the procedure for taking service tax credit for a unit which  involves in manufacture of excisable goods , trading , and provider of services .

Can service tax credit of one service say erection and commisioning can be utilised in paying service tax liability of works contract services ( not under composition scheme)?

A unit has claimed abatement facility in construction services , and discharges its liability of service tax through the service tax credit taken against the Erection commisioning and installation . Is the method correct ??

 

Kindly provide ur valuable inputs

 

Regards

 

Replies (3)

What is the service you provide and what is the service you avail may be clarified.

We provide erection commisioning & Installation , Construction services , GTA , IPR .

 

Can input service tax credit taken against erection commisioning & installation services can be adjusted against the service tax liability of the construction services . ( kindly note that abatement of 67% is claimed under construction services). 

We are a manufacturing concern and are paying service tax on freight amount paid to Goods transport  Agency and also paying service tax on commission against our export sales to overseas agent outside india.   Can we take take credit of service tax  paid by us on telephone, insurance and other etc.


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