Service tax credit

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R.Gangadharan (Querist)
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12 June 2007 A trading company which is also doing erection work can take service tax credit from all business related bills or any restriction in it?

Jitender

Jitender (Expert)
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13 June 2007 if the co is registered under service tax rules & is paying service tax then it can claim credit.

R.Gangadharan

R.Gangadharan (Querist)
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13 June 2007 Thanks for your information Mr.Jitender. But Though our company registered under service and paying service Tax Too my doubt is whether I can take credit of service tax on company telephone bills, courier charges, audit fees and consulting fees etc.,

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R.Gangadharan

R.Gangadharan (Querist)
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19 June 2007 Please answer to my query dated:13.06.07

Anoop

Anoop (Expert)
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20 June 2007 If there is no excise duty applicable on the trading activity, then you need to follow Rule 6 of the Cenvat Credit Rules 2004. If excise duty is payable on the trading activity, then subject to Rule 7 of Cenvat Credit Rules, you can claim credit of all service tax paid by you.