12 May 2014
hello ... i just want to know whether anybody cn avail service input tax credit ..... for payment made towards coaching fee to coaching center ... n wat will be d procedure ...??
12 May 2014
Input credit of tax paid on fees paid to coaching center is an eligible input credit only if such input service i.e. coaching has been obtained in order to provide a taxable output service.
In case such coaching has no nexus with the output service/manufacturing of taxable goods, no CENVAT can be claimed. Such tax should be written off as an expense in the PL a/c.
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