Service tax input credit

any taxable service which is necessary to provide the output services, is eligible, however the the service required to maintain the office is not a mandatory input, and it would go to negative list, 

as you have not mentioned the nature of service you provide, its not possible  to judge the input eligibility.

US Sharma ji,

Service of Airticketing Agent, taking input credits of Service Tax on Bank Charges, Telephone and Internet??? is this permitted?

Which act/rules specify the condition for claiming Input credit.

Can any one list the expenses which can be taken as Input service in relation to general functioning of office.

nature of taxable service provided by the dealer is required to discuss the issue, 

Service of Airticketing Agent Please advice the Input credits...
 

66D. Negative list of services: -

The negative list shall comprise of the following services, namely:––

(a) services by Government or a local authority excluding the following services to the extent they are not covered elsewhere—

(i) services by the Department of Posts by way of speed post, express parcel post, life insurance and agency services provided to a person other than Government; (ii) services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport; (iii) 5transport of goods or passengers; or  (iv) support services, other than services covered under clauses (i) to (iii) above, provided to business entities;

(b) services by the Reserve Bank of India;

(c) services by a foreign diplomatic mission located in India;

(d) services relating to agriculture by way of— (i) agricultural operations directly related to production of any agricultural produce including cultivation, harvesting, threshing, plant protection or 6[***)testing; (ii) supply of farm labour; (iii) processes carried out at an agricultural farm including tending, pruning, cutting, harvesting, drying, cleaning, trimming, sun drying, fumigating, curing, sorting, grading, cooling or bulk packaging and such like operations which do not alter the essential characteristics of agricultural produce but make it only marketable for the primary market; (iv) renting or leasing of agro machinery or vacant land with or without a structure incidental to its use; (v) loading, unloading, packing, storage or warehousing of agricultural produce; (vi) agricultural extension services; (vii) services by any Agricultural Produce Marketing Committee or Board or services provided by a commission agent for sale or purchase of agricultural produce;

(e) trading of goods;

((f) any process amounting to manufacture or production of goods; 

(g) selling of space or time slots for advertisements other than advertisements broadcast by radio or television;

(h) service by way of access to a road or a bridge on payment of toll charges;

(i) betting, gambling or lottery;

(j) admission to entertainment events or access to amusement facilities;

(k) transmission or distribution of electricity by an electricity transmission or distribution utility;

(l) services by way of— (i) pre-school education and education up to higher secondary school or equivalent; (ii) education as a part of a curriculum for obtaining a qualification recognised by any law for the time being in force; (iii) education as a part of an approved vocational education course;

(m) services by way of renting of residential dwelling for use as residence;

(n) services by way of— (i) extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount; (ii) inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange or amongst banks and such dealers;

(o) service of transportation of passengers, with or without accompanied belongings, by— (i) a stage carriage; (ii) 1 railways in a class other than— (A) first class; or (B) an air-conditioned coach; (iii) metro, monorail or tramway; (iv) inland waterways; (v) public transport, other than predominantly for tourism purpose, in a vessel of less than fifteen tonne net; and (vi) metered cabs, radio taxis or auto rickshaws;

(p) services by way of transportation of goods— (i) by road except the services of— (A) a goods transportation agency; or (B) a courier agency; (ii) by an aircraft or a vessel from a place outside India to the first customs station of landing in India; or (iii) by inland waterways;

(q) funeral, burial, crematorium or mortuary services including transportation of the deceased. 

Originally posted by : Nipun
	Service of Airticketing Agent Please advice the Input credits...

any input service which is required to run the business smoothly and availed at the registred premises is eligible for input credit (negative list is already posted in comment) 

Restaurent is charging both VAT no food amount & Service Tax on service charges. In such case can we take input cerdit of service tax. Company is manufacturing company.

Also what about sett off for VAT paid.

Please guide 

Originally posted by : ishvar
	Restaurent is charging both VAT no food amount & Service Tax on service charges. In such case can we take input cerdit of service tax. Company is manufacturing company. Also what about sett off for VAT paid. Please guide

if you can be able to establish nexus that resturent bills are ëligible input for manufacture, and without it , the manufacture can not be performed, then its allowed, otherwise not. 

Sharma Sir,

Rs.10,00,000 is the exempted amount under service tax is that for registeration or Tax Payments.... We are a Company regisered with ST but our gross reciepts are less then 1.00 lakhs.

Please advice our stand.

Originally posted by : Nipun
	Sharma Sir, Rs.10,00,000 is the exempted amount under service tax is that for registeration or Tax Payments.... We are a Company regisered with ST but our gross reciepts are less then 1.00 lakhs. Please advice our stand.

10 lacs is limit for billiing or receipt whichever is higher per annum, 

but 

if an assessee cross 10 lacs in any year, he becomes liable for ST payment and loose his oppertunity to claim the exemption in next year also.