07 August 2012
Dear Sir Please Clarify whether ST input credit can be availe in following situation:-
Mr A.Company, situated in India, recevied agency service from Mr B, residing in USA, and booked commission for Rs.100000. He(A) remitted Rs.12360 towrds service tax for the import of service and such amount deducted from party's account and balance amount of Rs.87,640/- has been paid.
CAclubindia
