Poonawalla fincorp
Poonawalla fincorp

Input Credit

This query is : Resolved 

22 September 2008 We are charging service tax on our services. and we are also paying service tax for different services we are taking i.e. cab hire, office security, office boys etc.

Can we adjust the both service tax amount if yes then please let me know the procedure how we can adjust the same with the service tax amount to which we have to pay.

22 September 2008 All the services to which you pay ST is your Input tax which can be adjust against the service tax you are required to pay by adding it in your bill.

Input = different services we are taking i.e. cab hire, office security, office boys etc.

Output = What you are charging.

Tax payable = Output - input.

If input is excess you can carry it forward.



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