Input Credit
This query is : Resolved
30 January 2009
Dear Sir,
Pls. tell our company Rent Bill raise to party & service tax charge in bill and we also paid rent to another party there bill in also service tax mentioned then can we take input credit or not ?
second question is we know below 10 lac service tax is exempt but if this amount increase 10 lac then my liabilty on which amount ?
Thanks
Pls. tell our company Rent Bill raise to party & service tax charge in bill and we also paid rent to another party there bill in also service tax mentioned then can we take input credit or not ?
second question is we know below 10 lac service tax is exempt but if this amount increase 10 lac then my liabilty on which amount ?
Thanks
30 January 2009
You can set off service tax paid against service tax payable.
Once you cross the exemption limit then you have to pay tax from re.1 of that financial year.
Therefore while estimating you should be careful.
You can set off service tax paid against service tax payable.
Once you cross the exemption limit then you have to pay tax from re.1 of that financial year.
Therefore while estimating you should be careful.
30 January 2009
Actually we have a own Shop in Gurgaon Mall so we are raise Rent Bill to Party and service tax charge. (Rs.30372)
as well as we also Rent Paid to Pantaloon Mall, Mumbai and Pantaloon also charge Service Tax in bill (Rs.3090)
Then in this condition can we sett of service tax amount (Payable & Receivable)?
Pls. Clear
as well as we also Rent Paid to Pantaloon Mall, Mumbai and Pantaloon also charge Service Tax in bill (Rs.3090)
Then in this condition can we sett of service tax amount (Payable & Receivable)?
Pls. Clear
19 April 2009
yes you can very well set off your liability against the input rent service tax charged to you.
For 10 lacs clause, you start paying on every rupee after 10 lacs
For 10 lacs clause, you start paying on every rupee after 10 lacs
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Refund of AY 22-23
- TDR receipts for agreement holder
- Inventory of finished goods
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
- GSTR3B IMS Deshboard ( Rec. Solution )
Trending Online Classes
CAclubindia
