Input service tax credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 November 2012
Dear Experts,
I am into manufacturing(less than Rs.10 lakh turnover), Trading and servicing.
I have common input service. I want to take input service credit for the purpose of Service Tax.
Can I take 100% input service tax, if not how do I arrive at input service tax eligibility for service provided.
Kindly let me know.
I am into manufacturing(less than Rs.10 lakh turnover), Trading and servicing.
I have common input service. I want to take input service credit for the purpose of Service Tax.
Can I take 100% input service tax, if not how do I arrive at input service tax eligibility for service provided.
Kindly let me know.
30 November 2012
You can't take 100 % credit of ST as one of the activity i.e. trading is exempt activity.
Kindly refer to rule 6(2) and 6(3) of CENVAT credit rules 2004 for calculation of amount dis allowable as CENVAT credit.
Kindly refer to rule 6(2) and 6(3) of CENVAT credit rules 2004 for calculation of amount dis allowable as CENVAT 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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
