Input credit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2013 HELLOOO...
A COMPANY IS RECEIVING SERVICE FROM A COMPANY FOR ACCURACY OF ITS PRODUCTS MANUFACTURED. AND THE S.P. CO. IS CHARGING SERVICE TAX FOR THAT AND IT IS ENTERED AS TESTING AND CALIBREATION EXP. IN OUR BOOKS OF ACCOUNTS.
I WANT TO ASK THAT WHEATHER WE CAN CLAIM THE INPUUT CREDIT OF SERVICE TAX PAID BY US.
THANKS

CA Suresh Jain

CA Suresh Jain (Expert)
Follow

05 September 2013 Yes, the service described are you is eligible for input credit beyond any doubt.

disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case