Service Tax Credit
This query is : Resolved
13 December 2007
We are manufacturer of Pharmaceuticals Product. We are doing Stock transfer to Consignment Agent. We are paying commission on sale and service tax through credit note to Consignment Agent and then Consignment agent paid service tax through GAR-7 (TR6). In this case we avail the service tax credit. If this practise is not correct. please brief us for correct practise.
02 February 2008
U Can not avail credit of service tax because prima facie it is shown that the are not being used in production of excisable goods.
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