31 March 2009
I paid service tax of Rs.10,000 for rental charges , and the same has sub-letted ( half of portion ) and collected Rs.6000 as service tax.
Now my question is can i take entire credit of Rs.6000, or is it proportionate basis ( since 50% sublet) which comes to Rs. 5000.
Whether 10,000-6,000=4,000 is correct. or 10,000-5000=5000 is correct.
Kindly suggest whether any circulations or provisions of service tax which is going to substantiate...