Input service tax
Gopal Thakur (Accountant) (35 Points)
06 February 2016Gopal Thakur (Accountant) (35 Points)
06 February 2016
Vishal Goel
(Chartered Accountant)
(1693 Points)
Replied 08 February 2016
No Cenvat credit if no excise duty or service tax payable on output....
It is not input tax credit for you....it is an expenses for you....
Increase the expenses value by service tax amount..
For example
Service Provider raised labor supply bill
Labor Supply value 10000
Add : Service tax @ 14.50% = 1450
Total Bill amount = 11450
Book labor expenses 11450 in your book of account....
Gopal Thakur
(Accountant)
(35 Points)
Replied 11 April 2016
Thank you very much sir..it is clear now !!
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