19 June 2008
One of the irregular vendor has charged service tax at the rate of 16.36% and we have paid amount in cash. The bill cannot be rectified now. Service tax regn no. is mentioned on invoice How much credit can we take in our books?
19 June 2008
As you have paid the service tax charged by Vendor and other formailities required for ST credit are also fulfilled, then in my opinion you will get ST credit of 16.36% too.
CAclubindia
