Service Tax Credits-Urgent

Queries 782 views 6 replies

One of our creditor has not applied for PAN in Firms Name but has an Individual PAN .The Firm has applied for service Tax Registration earlier and the service tax Number is not PAN Based.My question is can we take input credit based on this ? will there be any objections from Range Office .If the answer to the question is in the negative can we deduct service tax amount from the bill  from the party or any other suggestions in this regard.please let me have your views

Replies (6)

You can take service tax credit by quoteing their Reg. No., You must be having their bills/invoices raised on your company/firm, those invoices should have their Ser. tax reg. no.

if firm has service tax no. firm can issued service tax Invoice ant payer of exps. can take cenvat credit of service tax.

Dear  Mr Ram Avtar Singh,

But the issue is there is a problem from our central excise range if such credits are taken show cause notice will be issued to that effect if such is the case what can we do ? please reply

 

You can ask the supplier to put the PAN based registration no. on the bills. As far as service tax  registration no. is there on the bills, excise officers cannot deny credit on the same.  If the supplier does not give the registration no, deduct the service tax  amount and pay the balance amount.

Getting the proper registration no is the headeche of the supplier.

Sneha is right, get service tax credit on bill departmernt can not ask for reverse or show cause note. 

I agree with Sneha and Ram


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