Cenvat credit on export services
This query is : Resolved
07 February 2014
Dear Experts and Seniors,
Request you all kindly impart your knowledge for availing Service tax input credit in the following:-
We are into service sector (Software services) and we have been charging Service Tax @ 12.36% to our clients and remitting to Govt on our Domestic services.
Further, we have Exports services which are exempted from Service Tax, hence we are not charging to our overseas clients. Furthermore, we were charging Service Tax on Rent, Consultancy and other services by our vendors. In this connection, request you all kindly let me know whether we are entitle to avail service tax input credit (CENVAT) facility ? As our Service Tax Input is in sizable amount.
Therefore, we request you all kindly give your valuable views whether we can avail the service tax input credit (CENVAT) as per statutory norms and sugest me any allternates available if any
Your kind support in this regard would be highly appreciated.
Thanks in advance,
siva
Dear Experts and Seniors,
Request you all kindly impart your knowledge for availing Service tax input credit in the following:-
We are into service sector (Software services) and we have been charging Service Tax @ 12.36% to our clients and remitting to Govt on our Domestic services.
Further, we have Exports services which are exempted from Service Tax, hence we are not charging to our overseas clients. Furthermore, we were charging Service Tax on Rent, Consultancy and other services by our vendors. In this connection, request you all kindly let me know whether we are entitle to avail service tax input credit (CENVAT) facility ? As our Service Tax Input is in sizable amount.
Therefore, we request you all kindly give your valuable views whether we can avail the service tax input credit (CENVAT) as per statutory norms and sugest me any allternates available if any
Your kind support in this regard would be highly appreciated.
Thanks in advance,
siva
07 February 2014
Dear Siva,
You can avail all the credit that is available with but in accordance of Cenvat credit rules which specifies certain negative list items.
Rent, consultancy...all can be availed.
You can avail all the credit that is available with but in accordance of Cenvat credit rules which specifies certain negative list items.
Rent, consultancy...all can be availed.
10 February 2014
please answer my query
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Sale of property furniture sale
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
