Input credit
This query is : Resolved
Tejashwini
(Querist)
11 December 2008
Hello members,
Can a company - manufacturing avail credit on audit fees and security chargeds
Thanx in advance
Tejashwini
Can a company - manufacturing avail credit on audit fees and security chargeds
Thanx in advance
Tejashwini
CS Vivek Hegde
(Expert)
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
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
(Querist)
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
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
CS Vivek Hegde
(Expert)
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
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
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