Nisha Yadav (Accounts exe) (455 Points)
22 March 2013Dear Expert,
Please let me know difference between credit taken on "input" and on "input services received directly". When i was filling my service tax return that time i faced that problem.We are event management service provider.
Please dont copy paste from service tax notification, give me advice on your own words.
Asif Khan
(Taxation executive)
(410 Points)
Replied 22 March 2013
@ Nisha
Defination of "INPUT"
1) all goods used in the factory by the MFP or
2) any goods including accessories, cleared along with the final product, the value of which is included in the value of the final product and goods used for providing free warranty for final products or
3) all goods used for generation of electricity or steam for captive use; or
4) all goods used for providing any output service
Defination of "INPUT SERVICES"
1) any Service used by Output Service Provider for providing an output service; or
2) any Service used by Manufacturer, whether directly or indirectly, in or in relation to the manufacture of final products and clearance of final products up to the place of removal and includes:
services used in relation to modernisation, renovation or repairs of a factory, premises of OSP or an office relating to such factory or premises
advertisement or sales promotion, market research, storage up to the place of removal, procurement of inputs, accounting, auditing, financing, recruitment and quality control, coaching and training, computer networking, credit rating, share registry, security, business exhibition, legal services, inward transportation of inputs or capital goods and outward transportation up to the place of removal
From the above Defination it must be clear to you that INPUT is Cenvat input which is availed on goods purchased and INPUT SERVICE is Cenvat input availed on Services purchased.
Hope it is clear
Nisha Yadav
(Accounts exe)
(455 Points)
Replied 22 March 2013
Asif Khan
(Taxation executive)
(410 Points)
Replied 22 March 2013
Dear Nisha,
Kinldy inform the details of services you provide and also the details of input services you are availing. Then only I will be able to advise.
Nisha Yadav
(Accounts exe)
(455 Points)
Replied 22 March 2013
we are Event Management Sevice provider .
and input service is -
1) Light & sound vendor
2) Fabrication vendor
3) Artist professional
4) Manpower
5) Security service
Asif Khan
(Taxation executive)
(410 Points)
Replied 22 March 2013
@ Nisha
You have to fill the input details in 1st column i.e "input". You Can use the 3rd column of "input service recieved directly" when your input and output servicces are same. For eg. You are provoding Event Management services okk. now if are availing services from another Event managemenr service provider than you should fill the input in 3rd column.
Nisha Yadav
(Accounts exe)
(455 Points)
Replied 22 March 2013
Thanku very much :
can u give me any link or file for details.
second think when we take cenvet input on phone bill, courier, Audit fee then where we will show this cevent input : in 1 cloum or any other colum
Please make it clear :
Nisha Yadav
(Accounts exe)
(455 Points)
Replied 22 March 2013
Now i confused recently i saw in tally ST3 form and details .
(5B) (I) (b) (i) On Inputs: This box captures the Cenvat credit taken on inputs (raw materials) used in the production of finished goods.
(5B) (I) (b) (iii) On Input Services received directly: This box captures the Input credit taken services purchased.
But u said that i have to fill first colum for cenvet credit but according to tallysolution i have to fill 3rd colum for cenvet credit.
Asif Khan
(Taxation executive)
(410 Points)
Replied 22 March 2013
Dear Nisha,
You can fill the details in Column 1 as the Cenvat Input on Telephone, Courier, Audit Fee are not relating to your Output service.
Nisha Yadav
(Accounts exe)
(455 Points)
Replied 22 March 2013
but there is a confusion .. i saw in tally solution they said we will fill 3rd colum for input credit for service purchased and
There is a link for tally solution
https://www.tallysolutions.com/website/CHM/TallyERP9/Service_Tax_New/ST3_Report.htm
CA.VATSAL SHAH
(SERVICE)
(202 Points)
Replied 25 March 2013
credit taken on input means it is excise credit taken on input and input services credit means any input services credit taken for providing output service
CAclubindia
