Sir,
We are remitting funds for payment of Interest, Professional fees, subscripttion, advertisement exp. etc. So We have to Pay service tax on the same. can anyone give me the list on which we have to pay service tax, and second question can we take the credit of the same.
Regards
Jaynt Lanke
pune
Services which are not covered under the negative list would have to pay service tax thereon under service tax rules
no service tax on interest on loan taken from bank/financial institution from outside india. For other services, applicability ofservice tax has to be see on a case to case basis.
For Cenvat credit of service tax so paid is concerned, you can definately take cenvat credit theeron if the same is not covered under disallowed list ike renta cab service.
Better take consultation from your consultants to avoid future litigation on the same issue
Thanks and Regards,
Manoj B. Gavali
CCI
Pro
CAclubindia
