A company buys a fixed asset and incurs some installation charges... Service tax has been charged on the installation charges by the vendor... CAN THE COMPANY CLAIM CREDIT OF SUCH SERVICE TAX???...
Rohan (Chartered Accountant) (50 Points)
30 August 2010A company buys a fixed asset and incurs some installation charges... Service tax has been charged on the installation charges by the vendor... CAN THE COMPANY CLAIM CREDIT OF SUCH SERVICE TAX???...
Jeevesh Mehta
(Advocate- Corporate Commercial & Indirect Tax Advisory)
(861 Points)
Replied 31 August 2010
Yes the company can take the credit of the service tax paid on such intalations
CAclubindia
