05 January 2012
One of my client is a authorised dealer in foreign exchange. It has been subject to pay service tax on foreign exchange broking services on dif. of purchase rate and RBI ref. rate in case of US $, GSB(pound), euro. And flat rate in case of other currencies. My question is that whether input service tax credit viz. paid on telephone bill, other services etc. will be available or not as per service tax credit rules. I am little bit confused. Kindly guide us
Service tax credit in respect of Telephone connection can be availed only if such telephone connection is installed in the premises where output service is provided.
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