Dear Experts,
XYZ company takes projects from clients and then these projects are outsourced by XYZ company to a third party for execution. Now XYZ company charges service tax and adds it to the bill amount. My query is:
Does XYZ company or the Client or get service tax setoff as the outsourced party will also charge service tax?
XYZ company gets ST credit based on the invoices of its contractors and clients can take credit based on invoices of XYZ, there are conditions based on which you can take Credit and the contract needs to be looked at.
based on details provided you can avail service tax set off.
N N V Satish & Co.,
Hyderabad
CA Inter
View Details
Shyam S Gupta and Company
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
