We have running the business in Trading Activity( Sales & Purchase) not a Mfg. Always we have provide the interiors & decorators service in industrial sector and received the various input service like, Clearing & Forwarding Agent, GTA, Chartered Accountant, Telephone, Ware Housing, etc. Pls. Tele me, How can take the credit on input service, If input service rendered Partly for Trading Activity & Partly for Taxable Service.
25 March 2009
Please refer the circualar in this regard which states the formula to be adopted for approtioning the input credit, related to trading and taxable servics.
However please note that the following 16 services you can take 100% input credit irrespective of the nature of business
16 Services, For Which Full Credit is available even If it is used for Dutiable & Exempted Services. Description of the Service Architect's Service Banking & Financial Services Construction Services Consulting Engineer's Service Erection, Commissioning & Installation Service Foreign Exchange Broker's Service Insurance Auxiliary Service Intellectual Property Service Interior Decorator's Service Maintenance or Repair Service Management Consultant's Service Real Estate Agent's Service Scientific or Technical Consultancy Service Security Agency Service Technical Inspection & Certification Service Technical Testing & Analysis Service
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