Input credit

This query is : Resolved

Tejashwini (Querist)
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11 December 2008 Hello members,

Can a company - manufacturing avail credit on audit fees and security chargeds

Thanx in advance
Tejashwini

CS Vivek Hegde

CS Vivek Hegde (Expert)
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11 December 2008 Tejashwini

Yes u can avail credit. But the same can be use for paying Service Tax and not the Central Excise bcz u wl pay service tax on audit fee or security charges

rgds

Vivek

Tejashwini

Tejashwini (Querist)
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11 December 2008 Hi vivek

Thanx for your reply

further u said you cannot take credit on central excise, bcz u wl pay service tax on audit fee or security charges. This point is not clear. pls clarify

Thanx again
Tejashwini

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CS Vivek Hegde

CS Vivek Hegde (Expert)
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13 December 2008 Tejashwini

Sorry for the unclear reply. If u r registered under Central Excise only u can take credit of the srvice tax paid on the above services. Suppose if u r registered under Service Tax also u should take credit of the above ST paid to pay service tax only.

But u clearly mentioned "MANUFACTURING CO". So undoubtedly u can take credit.

regards

Vivek