Dear professional friends,
i have a doubt whether input credit is availbale on service tax which is paid on input services and used for output service but which are not taxable, can i take input credit and apply for refund
4 Replies
Pavan Jain S
(Chartered Accountant)
(1575 Points)
Replied 30 June 2009
service tax on Input services used for rendering exempted output services are not entitled for cenvat credit or refund
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 01 July 2009
Rule 6 of the CCR clearly sets out that the input services used for non taxable/ exempt services are not eligible for credit. The questionof subsequent refund also do esnot exist.
CA CS Akashdeep Singh
(Practicing CA)
(1394 Points)
Replied 01 July 2009
Rule 6(1) CCR provides that credit of input services, which is used for providing exempted services, is not available
Neha Bathwal
(Student)
(32 Points)
Replied 07 July 2009
URGENT!
please tell me if input tax credit can be availed on service tax paid for LC Discounted? if yes, what is the % of credit that can be availed?
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