Service tax input credit
Querist : Anonymous
To be more simple :
ST charged by service provider - Rs. 100/-
ST charged by TMC to client - Rs. 120/-
My query is:
I pay my vendor Rs. 100/- (the service tax charged by him) and then what is the amount i need to pay the government for the tax recovered from client.
Should i pay the difference amount (120-100) Rs. 20/- as tax as the balance 100/- i have already reimbursed by vendor with.
Please advice.
You can utilize this service tax against your service tax liability
Querist : Anonymous
Since we dont have a rent a cab license under our company name and we work as an agent..i.e take cars from cab vendors and provide the same to our clients.
In such case can v take the credit and avoid double taxation.
Querist : Anonymous
Accordingly such service tax shall be added to your cost. It will result in double taxation.
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