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Claim Service Tax

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(Querist)
25 June 2010 how much percentage we can claim service tax input in event management company.
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
25 June 2010 Sir,

There is no such %age prescribed.

You can take 100% credit, if the inputs & input services are used exclusively for providing taxable output services.

In any cas of common usage, you need to follow any of the method prescribed in Rule 6 of Cenvat Credit Rules.

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