Can we take set off of all services received(i.e Telephone bills,Audit fees,Transportation bills,C & F Bills) against our notified services like Maintenance & Repairs,Business Support Services etc
If yes,What's the % that we can avail If No,any other comments to avail the above set off??
Normally u can adjust your tax liability against your input tax credit from services you have received.If this is your case,The answer is YES.There is nothing like %.U can avail entire credit and adjust the same.
CAclubindia
