11 September 2012
Hi, Please any one let me know whether service tax input credit can be claimed in the following case. A textile company its 70% revenue is from export & its final product garment is exempt from duty(if sold within india). co is charging service tax on agency commission, revenue from this source is around 30% of total revenue. The co is taking ST input on all the service bills & also taking duty drawback credit @ 7.2%. Is it right??
CAclubindia
