I am accountant in one proprietor firm and firm have service Tax number Proprietor (person) received Rental income from one party Party deducts TDS and after deducting TDS spend Rental amount to Proprietor (person). Proprietor quarterly deposited 12.36% Service Tax to government. If proprietor received bill of firm name from one service providing company. Can proprietor (firm) credit it .,yes or No, If no than If we can received bill named Personal Name than we can received this service Tax amount credit . Please give guidance about it Thanks & Regards Ashwin gohel Rajkot
23 December 2012
what kind of Service you are taking ? Is it directly related to the output Service provided ? If yes then you can avail the credit of S,tax paid.
services used in relation to modernisation, renovation or repairs of a factory, premises of provider of output service or an office relating to such factory or premises, advertisement or sales promotion, market research, storage upto the place of removal, procurement of inputs, accounting, auditing, financing, recruitment and quality control, coaching and training, computer networking, credit rating, share registry, security, business exhibition, legal services, inward transportation of inputs or capital goods and outward transportation upto the place of removal;
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