NEERAJ TIWARI (ARTICLE) (47 Points)
09 November 2012Please let me know whether credit of Service Tax is also allowable on Memorandum of Fees. Instead of Invoice A Memorandum of fees is issued to our client in which PAN, Sr tax no ,etc which all thing required in Invoice , is present.
The only difference is that Instead of Invoice Memorandum of Fees is mentioned there.
My question is Can credit be taken on the Basis of Memorandum Fee
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 09 November 2012
Yes as long as all the ingredients of Rule 4A exist. Nomenclature should not make a difference. The ST no and amount shouldbe clearly incdicated also.
CAclubindia
