service tax input
This query is : Resolved
20 May 2010
i am charging service tax on letout of commercial building....that service tax is output tome and...
i paid service tax to one consultant...that is input tome...
my doubt is can i setoff that input with myoutput.......i mean is there any specific criteria for set off if input with outpur or we can we can set off the out with input which u get in any type of payment
i paid service tax to one consultant...that is input tome...
my doubt is can i setoff that input with myoutput.......i mean is there any specific criteria for set off if input with outpur or we can we can set off the out with input which u get in any type of payment
20 May 2010
dear,
U r justified in charging service tax i.e.,letting of immovable property attracts service tax.i.e.,your obligation.
as u paid service tax to consultant it is your input,
u can rightly setoff the tax liability with your service tax credit and pay the balance deficit amount and if there is excess credit, u can carry forward the same.
wish u doubt is cleared
U r justified in charging service tax i.e.,letting of immovable property attracts service tax.i.e.,your obligation.
as u paid service tax to consultant it is your input,
u can rightly setoff the tax liability with your service tax credit and pay the balance deficit amount and if there is excess credit, u can carry forward the same.
wish u doubt is cleared
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
