19 March 2008
Dear Sir, I want to know who can claim Input Tax Credit and what will be the answer incase of Ser. Tax. on transportation. If the Company's Ser. Tax is deducted in advance then how can it claim input tax credit? I will be tankfull for reply.
19 March 2008
Manufacturing Industry and Service providing concerns can claim Input Tax credit subject to in case of Manu. concern the goods or services on which Service Tax is paid should be used for manufacturing purpose
When ever Service Tax is paid ( may be in Advance ) then Service Tax Credit can be claimed.
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