A mobile allowance given to the employees of a service provider firm is allowed as input credit for the payment of service tax or not.
1 Replies
valji
(Accounts manager-MBA)
(2150 Points)
Replied 04 July 2011
FIRST OF ALL FOR GEETING INPUT CREDIT
WHILE REGISTRATION OF SERVICE TAX FOR INPUT SERVICE YOU HAVE TAKEN THIS AS INPUT CREDIT SCHEME OR NOT
NORMALLY WHILE ANY ALLOWANCE TO THE EMPLOYEE THE BILL IS NOT A FIRM NAME SO YOU CANNOT GET THE INPUT CREDIT
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