Limit of service tax input credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 May 2010 Is there any limit for service tax input credit in a particular year, i.e. how much amount we can take input credit of service tax paid on mobile phone bills in a year

Aditya Maheshwari

Aditya Maheshwari (Expert)
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12 May 2010 There is no limit to the amount. The amount would be restricted to the amount of phone bills.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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12 May 2010 also refer this post for different treatment of service tax credit

https://www.caclubindia.com/forum/tax-rate-for-icici-regular-income-bond-taxable--40968.asp

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