We are liable to excise duty We take credit of service tax in payment of excise duty. Now the question when we may take credit if a. we make part payment to a party which cover full amount of service tax. b. On freight – as the date of payment would be next monts.
07 August 2010
If a am a Service Provider and make a bill of 10,000 with service tax 1030 now party paid only 1. 1000 2.2000 3.5000 What is my tax liability.
I think what is my tax liability the same would be allowe to other to take credit.
08 August 2010
It is quite simple what ever payment received to the service provider is inclusive of service tax and accordingly service provider is suppose to pay his service tax liability proportionately, irrespective of Service Bill Amount raised.
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