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
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.
i agree with uday
Agree with Mr.Uday Kiran
I agree with Mr.Uday. We can take credit....................
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.
O P Bagla & Co LLP
New Delhi
CA Inter
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