Serivce tax input credit
This query is : Resolved
06 April 2010
We are a trading co. and using car for official use. Car provider charges service tax @4.12% on bill amount. so can we take input of this service tax against our any services.
06 April 2010
You are doing trading business and not providing any services. In this regard, you can not take input credit unless you are providng any taxable output services
06 April 2010
AGREE
06 April 2010
but we are providing services also like repair & maintenance. In this situation is input allowed.
06 April 2010
Yes it would be admissible. Please see rule 6 (3) which in my view does nto have restriction for trading. Only restriction is for exempted services or goods.
06 April 2010
credit can be availed only when the services have been used for providing output service. Trading is not an output service and as such may not be eligible for credit.
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