INPUT CREDITS ON SERVICE TAX
This query is : Resolved
Sanjay Agarwal
(Querist)
19 March 2009
CAN WE GET CREDIT FOR SERVICE TAX PAID ON TEL BILLS, ELECTRICITY ETC AND ADJUST THE SAME AGST OUR LIABILITY FOR PAYMENT OF SERVICE TAX.
CAN WE GET THE CREDIT IF THE BILLS ARE NOT IN THE NAME OF FIRM BUT IN THE NAME OF PROPRIETOR.
CAN WE GET THE CREDIT IF THE BILLS ARE NOT IN THE NAME OF FIRM BUT IN THE NAME OF PROPRIETOR.
Rajesh Kumar
(Expert)
19 March 2009
Yes, if such services are input services.
To take credit in the Cenvat credit rules, use of input services are required in providing output service; it is irrelevant that the bill is in the name of proprietor. In any case, in the eyes of law, a proprietor & a proporietorship firm is one and same thing.
To take credit in the Cenvat credit rules, use of input services are required in providing output service; it is irrelevant that the bill is in the name of proprietor. In any case, in the eyes of law, a proprietor & a proporietorship firm is one and same thing.
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