jyoti (article assistance) (61 Points)
06 December 2012
Yogesh Bhandari
(CA FINAL Student)
(429 Points)
Replied 06 December 2012
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 06 December 2012
Sponsorship shouldbe eligible for credit.
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 06 December 2012
Just to add, here the service tax is to be paid in cash first by receiver under RCM and then credit can be availed.
Priyanka Maheshwari
(Assistant Manager)
(76 Points)
Replied 08 December 2012
credit can be taken. however, if any exempted goods are manufactured , such amount so much as it related to the exempted goods have to be forgone.
Live class on PF & ESI Enrollment & Returns Filing(with recording)