Input credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2011
Sir,
My employer is a NBFC [Non-Banking Finance Co.]mainly lending gold loans.
We have a consulting firm consists of CAs whose services are being availed on various aspects viz, framing of schemes,marketing strategies,audit advisory services and other similar services.
We are debiting the above mentioned expense
in " Consulting Fee ". We are making the payment to the party after TDS.
They are charging service tax on their bill.
Doubt : Can we take input tax credit of the above mentioned service tax against our service tax payable ?
Kindly advise.
Regards,
My employer is a NBFC [Non-Banking Finance Co.]mainly lending gold loans.
We have a consulting firm consists of CAs whose services are being availed on various aspects viz, framing of schemes,marketing strategies,audit advisory services and other similar services.
We are debiting the above mentioned expense
in " Consulting Fee ". We are making the payment to the party after TDS.
They are charging service tax on their bill.
Doubt : Can we take input tax credit of the above mentioned service tax against our service tax payable ?
Kindly advise.
Regards,
04 November 2011
Yes; you can take ST credit
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