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Service Tax credit

Queries 1028 views 5 replies

Ajay Raghatate

Sr Executive (Excise & Accounts)

736 Points Posted on 26 February 2010

Dear freinds,

Plz suggest me,

Our consultant who is auditing our books of accounts. the firm is registered in cat of chartered accountants, they are charged the service tax on following works,

Vat audit fees

Reply of notices & Appeal cases drafting & submission (sales tax & Excise)

PH on behalf of company,

We are manufacturer unit,

Can we eligible to avail service tax

Thanks

Replies (5)

CA Ayush Agarwal

Kolkata-Pune-Mumbai

27454 Points Posted on 26 February 2010

No UR Not Eligible To Take Credit of Service Tax ......

This whole Will Be Taken As Expenses................i.e ST

ST paid on Direct Expenses May B taken As Credit.

PRATIK P MEHTA

Final Student articles

125 Points Posted on 27 February 2010

i agree with uday

CA Manikandan Raghunath

609 Points Posted on 27 February 2010

Agree with Mr.Uday Kiran

CMA.Baskar.V

Cost Accountant

400 Points Posted on 27 February 2010

I agree with Mr.Uday. We can take credit....................

Chintan Vasa

CA Final Student M.Com

1241 Points Posted on 27 February 2010

Read the definition carefully. It makes it quite clear that the credit will be available, but we should also apply a logical test whether the input service have any nexus with the manufacturing. Nexus can be direct or indirect. In fact if 1% nexus is their then also the input credit can be availed & utilised.