15 April 2009
Ours is a pharmaceutical Co. and we get goods manufactured at our own plant as well as from various Loan Licenses. We pay Service Tax on AGency Commssion on Export Sales. But our Export Sales also comprise of loan licensee products. Query : Is there any way of taking credit of service tax pertaing to agency commission on sale of loan Licensee products. (The Service Tax is pertaining to prev period hence not covered under Notification No. 41 of 2008)
16 April 2009
If you are a manufacturer, you can take the credit of service tax as input service as it is a business expense and eligible for input credit irrespective of it being manufactured by LL
The marketing is done by you and the expense is towards marketing of goods and not manufacturing of goods.
The replies do not constitute professional advice, but are based on interpretation of facts available in the query
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