SERVICE TAX
This query is : Resolved
30 June 2009
CAN WE CLAIM 100% CREDIT ON SERVICE TAX PAYABLE TO THE GOVERNMENT.
WHAT IS THE RATE OF INTEREST FOR DELAY IN STAX.
WHAT IS THE RATE OF INTEREST FOR DELAY IN STAX.
30 June 2009
Hi,
Service tax credit is available for teh tax paid on Input Services and it can be availed 100% subject to certain conditions on the nature of Input Service and maintenance of books etc.
You can refer this link for Service tax credit rules
http://www.servicetax.gov.in/notifications/notfns-2k2/st14_2k2.htm
Interest for delay is 13% per annum
Service tax credit is available for teh tax paid on Input Services and it can be availed 100% subject to certain conditions on the nature of Input Service and maintenance of books etc.
You can refer this link for Service tax credit rules
http://www.servicetax.gov.in/notifications/notfns-2k2/st14_2k2.htm
Interest for delay is 13% per annum
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