Service tax on brokerage paid to stock broker
This query is : Resolved
26 December 2014
Hello all,
1. My Client Company is Engaged in Construction activities.
2. During the year it has Invested some amount in Securites.
3. It has paid some Brokerage to Broking Firm.
Whether Service tax paid on such brokerage is eligible for taking as Input against Company's Output(Service tax on Income from Constructions)
1. My Client Company is Engaged in Construction activities.
2. During the year it has Invested some amount in Securites.
3. It has paid some Brokerage to Broking Firm.
Whether Service tax paid on such brokerage is eligible for taking as Input against Company's Output(Service tax on Income from Constructions)
27 December 2014
No
As per rule 2(k) of CCR 2004 Cenvat credit of Service can be availed only if such such are used for the purpose of providing of taxable service.
As per rule 2(k) of CCR 2004 Cenvat credit of Service can be availed only if such such are used for the purpose of providing of taxable service.
27 December 2014
Got it sir, Thank you
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Number of Nominees
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- Are there any exceptions for residence in Nepal under FEMA/ITA
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- GST on Commercial Rent paid by Doctors providing HealthCare Services
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
