banner_ad

Applicability of service tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 July 2014 A company goyal gas supplies gases to our company.as per terms of agreement our company has to pay them a minimum guaranteed money if we do not procure minimum guaranteed gases from them.
Since we failed to procure minimum gases from them, they have submitted a bill claiming minimum guaranted money including service tax.

my question is that whether service tax will be applicable on that invoice? if so whether we can take credit of service tax.

since no service has been provided in this case.

please resolve
Profile Image

Arun Kumar Singh

Profile Image

Arun Kumar Singh (Expert)
20 July 2014 Yes, service tax will be applicable and service receiver can claim the service tax if gas should be used in the manufacturing of final products or providing of services.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
02 May 2026
Experience Audit Manager

AGGARWAL SAMIR & CO

New Delhi

CA Inter

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details