service tax credit

Queries 1386 views 3 replies

Brajesh

manufacturing

73 Points Joined July 2008

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)

S.Srinivasaraghavan

Chief Financial Officer and Co

11318 Points Joined September 2007

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

Brajesh

manufacturing

73 Points Joined July 2008

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).

Guest

457805 Points Joined August 2012

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.