Service tax

This query is : Resolved

Ankur Gupta (Querist)
Follow

04 October 2011 A manufacturing unit have a factory at Fatehpur and a registered office at kanpur.

Weather the co. can avail credit of service tax in following condition:

1) Service provided at factory but bill raised in favour of kanpur address.

2)Service tax charged by the bank on processing fees.

3)weather credit of service tax can be availed on telephone bills which are in the name of company at kanpur address.

4)Co. is also registered as service provider as business ass. services (BAS).

5)if company wants to avail credit of service related to previous year wt accounting treatment, explain? weather any time limit applied?

U S Sharma

U S Sharma (Expert)
Follow

04 October 2011 1) a centralized registration may help you to consolidate the both.
2) if processing is related to part of taxable output service then yes.
4)

5) not possible, after finalization of balance sheet, however if provisions are made in final account for accumulated input credit, and same is informed to R/O of service tax then possible., otherwise the service tax paid has been claimed as expenses in P/L account and further credit would lead "unjust enrichment"

Message likes : 1 times

Ankur Gupta

Ankur Gupta (Querist)
Follow

04 October 2011 if we treated service tax as an income in the next f.y. will the answer differ?

U S Sharma

U S Sharma (Expert)
Follow

04 October 2011 once the service tax is treated as expense in the year of payment of services, how it would be treated as income in next year?

get in touch with your CA, he can guide you in this regard, if he has any provision for the same/

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rakesh Bansal

SANJAY GAIROLA

Saumil Kapadia

DSK TMC

Frank

Subscribe Now

Service tax

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Accountant

Manager- Finance and Compliance

GST CONSULTANT

CA Final

Senior Executive