Service tax input credit
This query is : Resolved
nagalavanya
(Querist)
11 October 2013
Can anyone pls explain me detailed concept of service tax input credit ,like
what exactly it meant ?
when we can claim such credit?
wt is the intention behind introducing this concept?..........
what exactly it meant ?
when we can claim such credit?
wt is the intention behind introducing this concept?..........
KAUSTUBH M JOSHI
(Expert)
11 October 2013
Service tax input credit means credit of service tax paid on input services for payment of output service tax.
One can claim on basis of an invoice
The intention of introducing is avoiding cascading effect of tax. it means that you pay service tax on the Value addition you make
One can claim on basis of an invoice
The intention of introducing is avoiding cascading effect of tax. it means that you pay service tax on the Value addition you make
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