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
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details