Dear sir
we are into pig iron manufacturing company and we are under process for expanison into Rolling mill store and i would like to ask that we are receving bills for fabrication and errection work of RMS with service tax, can we avail service tax input credit on the bills.pls foward your reply to jeelanbashas @ redifmail.com
thanks.
Yes! you can avail service tax input credit.
Thanks!
Yes definitely.
Yes, whenever you are a service provider and invoice your customers, you will be issuing a Service Tax output Invoice. On the total of Service Tax output of various Invoices so accumulated, you can adjust your Total Service Tax Input Credit amount.
Thanks for your query
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
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