12 July 2008
We have import a machine; We have paid Insurance and Clearing & Forwarding Chages thereon. These charges includes Service Tax
Can We take Service tax Input credit regarding above charges ?
If Yes, Can It claim in same year or 50% in same year & 50% in next year ?
I am bit confuse because according to definition of "Service tax input Credit" in the case of Maufacture; Service tax credit is available only when services is related to direcetly & indirectly Production But above said services are related to clearinf & Forwarding of Machinery not Raw Material or Production
CAclubindia
