25 May 2011
Can somebudy please tell me that can i take credit of service tax which i pay to X party,who makes payment of usd/ euro on my behalf to my employees outside india. Service tax charged by them is 0.25% of transfered amount & also tell me whether i have to deduct TDS as service tax is getting applicable here.
26 May 2011
X is providing banking and financial services to your concern. This is eligible for cenvat credit if you are manufacturing excisable goods or providing taxable service and the said B & F service has some nexus with this activity.
CAclubindia
