There is a company which is into publication of magazines and organize few events in fashion, food and retail industry. The company pays service tax to various consultants like HR, Auditors etc. appointed by it. My query is that can a company claim CENVAT credit of the s.tax amount paid to above mentioned categories? if so, in what ration as there is no service tax charged on the advertisement revenue but it is charged on the event revenues.
27 May 2013
If you are providing taxable service and input service should be used in output service then you can take the cenvat credit on input services.
CAclubindia
