Can a Company Claim INPUT CREDIT for SERVICE TAX in the Subsequent year. For Eg. A Company has accounted Service Tax Credit for the year April 2007 to March 2008, in the month of March 2008. Can the Input Credit so accounted in March 2008 be adjusted with the Service Tax payments to be made from June 2008 onwards ?

It can take credit of service tax provided service tax charged is undercharged in an abatement (except in the case of GTA)

is there any specific format for input serivce distribution invoice

No format prescribed by the Board.

Dear Sir,

I am working with tha real esate company, Our main source of incoem is rental on which we charge service tax. our renatl premises are at delhi. our HO is at Calcutta.

Now please advice can take set off of service tax for the expenses incurred in Calcutta against service tax on rental income.

Please advice at the earliest.

Thanks & best regards

Dear Sir,

We are leading trading house and we have to pay service tax on BAS . I want to know weather we can avail set of against our input service credit against our telephone bills, and other services.

You can avail 100% credit provided the telephone and other input services are used for only one service i.e. BAS and no exempted service also rendered from the same premises.

Dear Sir,

We are manufacturing concern, We are paying service tax on Inward Material on 25% of bill amount @ 12.36%. Now we want to know can we take credit of service tax paid on Transportation for inward material

Jayesh Mehta

From 01/03/2008 onwards, GTA is no longer an input service, Therefore,Cenvat credit cannot be availed.

Hello, can someone explain if a manufacturer can avail Input service credit on security services which are provided during the transportation of raw material (coal) from the coal mines up to the factory via goods train?. The contention of the party is it is essential to post some private security personnel along with the inputs in the train as there are chances that a mojority of the inputs might be tampered with during the journey through the remote areas resulting in considerable loss of input, but  does the railways allow this? isn't it a bit far fetched idea? Please send your inputs along with judicial analysis available on the subject (if any).

There could be no judicial analysis for far fetched ideas, I think.

One of my client provides maintainance/repairing of online leakage sealing. In which he uses his manufactured spare parts / materials purchased.
He bills differently for Spare Parts / Material & Labour charges/ Repairing.
1. On which amount service tax would be levied.
2. If on both the amounts, is there any abatement.
3. Can he claim input credit
4. under which head he should get registered

1. wat would be his maharashtra vat liability

sometimes it may happen that spares and labour charges are billed in one only

Dear Sir

The company has provided credit cards to employees which are used for the purpose of petrol expenses, hotel and other travelling expenses. The bank had charged service tax on these transactions including annual membership fees. Can we take service tax credit?

shashank

good education and clear discussion.