Input credit
This query is : Resolved
06 November 2015
Dear Experts,
Our company is engaged in two activities
1. Sale of vehicle – VAT
2. Repair, reconditioning, restoration, or decoration or any other similar services, of any motor vehicle – Collecting Service Tax from its customer
Company also pays service tax against vendor Bills
1. Telephone Bills
2. Rent
3. Security charges
4. Professional charges
5. Bank charges
The above services are used for sale and service category
My question is whether company can take input credit from above listed service bills while making service tax payment.?
Our company is engaged in two activities
1. Sale of vehicle – VAT
2. Repair, reconditioning, restoration, or decoration or any other similar services, of any motor vehicle – Collecting Service Tax from its customer
Company also pays service tax against vendor Bills
1. Telephone Bills
2. Rent
3. Security charges
4. Professional charges
5. Bank charges
The above services are used for sale and service category
My question is whether company can take input credit from above listed service bills while making service tax payment.?
06 November 2015
Yes I feel the input credit should be available in the ratio of sales to services https://m.facebook.com/missingentry/
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