Vinay (Accounts Head) (51 Points)
14 October 2010
In a shipping company , the company had formed in April .2010, since day one,we are paying service tax on input serivces,
Until,The shipping activities started in Oct .2010. Our shipping service is under service tax category.our service bill will be
generate at the last day of the month.
our question is ,how can we get credit adjust against service tax paid on input services.
Vinay
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 15 October 2010
Please see the defintion of input services. Right from april 2010 you are eligible for the input service credits subject to the restriction contianed in rule 6(3) in the cenvat credit rules.
There is no time limit for availment of credit.
sarita
(accounts executive)
(22 Points)
Replied 18 October 2010
i am working in IT company & one of our employee is working in singapur on our payroll. Can i raise a invoice with service tax to Singapur company???
sajay kumar
(IPCC STUDENT)
(162 Points)
Replied 20 October 2010
dear sarita as per iam considered ,service is provided at singapur ,at where our service tax act(bill) 1994 is not applies according to destination princeple.so you cant raise a bil,
sarita
(accounts executive)
(22 Points)
Replied 21 October 2010
Dear Sajay Kumar you mean to say that i can charge service tax only in india???. plz explain it clearly.
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 21 October 2010
In this case the manpower being provided outside India the same qualifies as an export of service under the export of services rules provided the amount is recived in CFE.
You need not charge the ST.
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