Service tax input

Dear sir i m working with event management company.Recenty we have done a project. In this project our overall cost is 30 lac.

we issued a invoice only for mangement fee.

Managemnet fee(3000000*5%)=150,000

+service tax                                    =15450

total                                                  =165450

 

But we have recived from clinet  -30Lac+invoice amount

 

Now my qurey is can i get input credit when i recived bill from my suppliers.

Replies (4)

U must also issue the invoices for 30 lacs as supply invoice & charge CST/VAT accordingly. Yes u can avail service tax amount paid to your supplier as input credit if you have used those services in this project.

 

Even Vat input credit you can avail..but CST input credit is not allowed..

 

sir for 30 lac we have issue Reimbursement sheet to our vendor but not charge service tax.

If u have incurred those 30 lacs on behalf of ur client than u can raise reimbursement sheet...However if u have supplied materials to your client as a supply then u must raise invoice towards the supply...

 

I think u must treat these expences incurred on behalf of client to avoide sales tax issue..

 

N yes you can avail input tax credit on the basis of your supplier's bill. 

thanks sir..........

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
02 November 2026
Audit Executive

SRJP & Co LLP

Kochi

CA Inter

View Details