Input credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 November 2011
Sir,
My employer is a NBFC [Non-Banking Finance Co.]mainly lending gold loans.
We have a consulting firm consists of CAs whose services are being availed on various aspects viz, framing of schemes,marketing strategies,audit advisory services and other similar services.
We are debiting the above mentioned expense
in " Consulting Fee ". We are making the payment to the party after TDS.
They are charging service tax on their bill.
Doubt : Can we take input tax credit of the above mentioned service tax against our service tax payable ?
Kindly advise.
Regards,
My employer is a NBFC [Non-Banking Finance Co.]mainly lending gold loans.
We have a consulting firm consists of CAs whose services are being availed on various aspects viz, framing of schemes,marketing strategies,audit advisory services and other similar services.
We are debiting the above mentioned expense
in " Consulting Fee ". We are making the payment to the party after TDS.
They are charging service tax on their bill.
Doubt : Can we take input tax credit of the above mentioned service tax against our service tax payable ?
Kindly advise.
Regards,
04 November 2011
Yes; you can take ST credit
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
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Offsetting interest income against derivative trading losses
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Application of 115BAC
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
