Cenvat credit

This query is : Resolved

kartik (Querist)
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31 October 2012 SHOULD EXCIES AND CUSTOM TAKEN AS INPUT CREDIT IN SERVICES TAX??????
SHOULD AMOUNT RECEIVED AS SERVICES TAX MINUS INPUT SHOULD BE DEPOSIT IN ST 3

@VaibhavJ

@VaibhavJ (Expert)
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31 October 2012 Hi

Only excise credit can be taken subject to restrictionz.

Rgds//Vaibhav
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kartik

kartik (Querist)
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31 October 2012 SIR,
IF CONTRACT MADE WITH ADVERTISEMENT AGENCY SHOULD SERVICES TAX 1.8% SHOULD BE DEDUCTABLE

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kartik

kartik (Querist)
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31 October 2012 Sir service tax are only 12.36 % are 13.20 % and 1.8 % also

@VaibhavJ

@VaibhavJ (Expert)
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31 October 2012 hi

ST rate may change every financial year..
last FY it 10.30%, current year itz 12.36%.

1.8% is discounted rate wherin itz diff to determine value of service provded, ST dept gives such rate.

In advtg co. they charge 1.8% ST rate.

Rgds//Vaibhav
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kartik

kartik (Querist)
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31 October 2012 Should electricity tax taken as input credit in services tax
Sir even AC Company charging 13.20% what is the reson behind its....

@VaibhavJ

@VaibhavJ (Expert)
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31 October 2012 Hi,

13.20% is Sales Tax.

Rgds//Vaibhav
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kartik

kartik (Querist)
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01 November 2012 @vaibhav J
voucher clearified it is as Services tax as yearly charge were taken for Cleaning & repairing work

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@VaibhavJ