The Bill amount may be inclusive/exclusive of service tax. In both cases is it possible to take input credit?
What are the cases in which input credit can't be taken?
3 Replies
CA SALONI
(CHARTERED ACCOUNTANT)
(391 Points)
Replied 12 February 2011
Yes ajay
If bill amount is exlusive & ST is shown separately, you can take credit of that amount.
If the Service tax amount is included in the bill then also u can take credit.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 12 February 2011
in case of inclusive, then there must be certificate on invoice , that service tax is included in invoice, amount ...........
as without such certification, it may be treated as "service from exempted unit"
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 15 February 2011
Service tax has to be seperately shown in the invoice for availing cenvat credit . If gross amount charged is inclusive of service and tax is not seperately shown, credit may be taken under proper intimation to department with a copy of the conatract that specifically conatin provision for this. Best course is to have the bill that shows service tax.
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