Service Tax Input on Services regarding Machinery
This query is : Resolved
12 July 2008
We have import a machine; We have paid Insurance and Clearing & Forwarding Chages thereon. These charges includes Service Tax
Can We take Service tax Input credit regarding above charges ?
If Yes, Can It claim in same year or 50% in same year & 50% in next year ?
I am bit confuse because according to definition of "Service tax input Credit" in the case of Maufacture; Service tax credit is available only when services is related to direcetly & indirectly Production
But above said services are related to clearinf & Forwarding of Machinery not Raw Material or Production
Please give me proper suggestion
with rerard
Can We take Service tax Input credit regarding above charges ?
If Yes, Can It claim in same year or 50% in same year & 50% in next year ?
I am bit confuse because according to definition of "Service tax input Credit" in the case of Maufacture; Service tax credit is available only when services is related to direcetly & indirectly Production
But above said services are related to clearinf & Forwarding of Machinery not Raw Material or Production
Please give me proper suggestion
with rerard
12 July 2008
100% after making payment in the same year. These are tax on input service, not duty on capital goods.
14 July 2008
let me know
18 June 2023
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