Service tax credit -tender cancle
This query is : Resolved
05 May 2016
Dear friends !
We had received services of Engineering Consultant to help Tendering on technical issues. He raised Service Invoice with Service Tax, We lost Tender & many occasions it happen & not gets Tender. Can we take Service tax credit as a Input Service? Since we don’t have any output service against this job but we paid fully to consultant.
Is it input service for any one who lost Tender but paid to consultant? Please advise
We had received services of Engineering Consultant to help Tendering on technical issues. He raised Service Invoice with Service Tax, We lost Tender & many occasions it happen & not gets Tender. Can we take Service tax credit as a Input Service? Since we don’t have any output service against this job but we paid fully to consultant.
Is it input service for any one who lost Tender but paid to consultant? Please advise
05 May 2016
Yes, you can take credit of service tax provided the services which you are providing are dutiable or in case if you are a manufacturer, the Final good which you are manufacturing at your factory are Dutiable. Even thought your tender was not selected but still you can take the credit. Generally it is allowable by department also.
Message likes :
1 times
06 May 2016
you can take input if you are giving out put service or you are mfg concern. if you are not out of them, then you can not calim input of service tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
