I HAVE ONE QUERY RELETED TO AVAILMENT OF INPUT CREDIT USED BY US. AS WE PROVIDE CLUBING SERVICE TO OUR MEMBER AND CHARGE THE SERVICE TAX. WE ALSO USE VARIOUS SERVICE FOR OUR BUSINESS LIKE TELEPHONE, RENTED PROPERTIES ETC. CAN WE GET INPUT SERVICE TAX CREDIT FOR THE SERVICE WE ARE USING
27 February 2010
The services which you utilise for generating the revenue can be taken for input credit. The services which has been utilised after generating the revenue is not eligible for input credit.
CAclubindia
