Input service tax set off against output service tax
This query is : Resolved
31 January 2012
Dear all experts, if we charge service tax on output services & service tax charged on input services also on same services & other services then total input service tax can get as set off against output service tax? If yes then can get full set off or some decided percentage. If no (please make me understand)
01 February 2012
No. if you have direct input services related to output can be adjusted, in case you have more than one type of services, we need to set off related input services only except the following category of services
(i) Services used in relation to setting up, modernization,
renovation or repairs of a factory, premises of service
provider or an office relating to such factory or premises
(ii) Advertisement or Sales Promotion
(iii) Market Research
(iv) Storage up to the place of removal
(v) Procurement of inputs
(vi) Activities relating to business, such as accounting,
auditing, financing, recruitment and quality control coaching and training, compute networking, credit rating,
shares registry and security
(vii) Inward transportation of inputs or capital goods and their
outward transportation up to place of removal.
(i) Services used in relation to setting up, modernization,
renovation or repairs of a factory, premises of service
provider or an office relating to such factory or premises
(ii) Advertisement or Sales Promotion
(iii) Market Research
(iv) Storage up to the place of removal
(v) Procurement of inputs
(vi) Activities relating to business, such as accounting,
auditing, financing, recruitment and quality control coaching and training, compute networking, credit rating,
shares registry and security
(vii) Inward transportation of inputs or capital goods and their
outward transportation up to place of removal.
Message likes :
1 times
02 February 2012
Dear Sir, I couldn't understand your reply properly, kindly explain me as my question.
03 February 2012
In simple word. you cannot take credit and adjust the credit inter services, only the above services input can be adjusted for all services
16 February 2012
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