input credit

This query is : Resolved

CA. MITHUN KHATRY (Querist)
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07 March 2009 I am registered under service tax

however my gross receipts is below 10Lakh

so i am eligilble for abatement i.e. I dont charges service tax or deposit tax

however i have input service tax credit.

what should i do

IS IT TRUE THAT WHILE AVAIALING ANY ABATEMENT I CANT CLAIM INOUT TAX CREDIT

Ankit Dawar

Ankit Dawar (Expert)
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07 March 2009 Yes. you are right. As per Notification 6/2005 dated 1-3-05, the credit of input services used for providing threshhold value of Services cannot be availed by the Service provider as credit.