Service Tax set off

This query is : Resolved

Ashwin (Querist)
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04 June 2010 Hi,

Can we take set off of all services received(i.e Telephone bills,Audit fees,Transportation bills,C & F Bills) against our notified services like Maintenance & Repairs,Business Support Services etc

If yes,What's the % that we can avail
If No,any other comments to avail the above set off??

Thanks
Ashwin

gadhamsetty manikanta

gadhamsetty manikanta (Expert)
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04 June 2010 hi dear,

i think the you r not up to the point.

Normally u can adjust your tax liability against your input tax credit from services you have received.If this is your case,The answer is YES.There is nothing like %.U can avail entire credit and adjust the same.

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