Request you all kindly impart your knowledge for availing Service tax input credit in the following:-
We are into service sector (Software services) and we have been charging Service Tax @ 12.36% to our clients and remitting to Govt on our Domestic services.
Further, we have Exports services which are exempted from Service Tax, hence we are not charging to our overseas clients. Furthermore, we were charging Service Tax on Rent, Consultancy and other services by our vendors. In this connection, request you all kindly let me know whether we are entitle to avail service tax input credit (CENVAT) facility ? As our Service Tax Input is in sizable amount.
Therefore, we request you all kindly give your valuable views whether we can avail the service tax input credit (CENVAT) as per statutory norms and sugest me any allternates available if any
Your kind support in this regard would be highly appreciated.
CAclubindia
