For giving our aircraft on Charter to outsiders at a prescribed charges, in which clause I need to get registration under Service Tax.
Regards,
Vikas
2 Replies
RAVI RAMNANI
(STUDENT)
(26 Points)
Replied 22 December 2008
can service tax paid on telephone services be fully utilised on output services in the bank or there is some threshhold limit, kindly explain?
Jyoti Malik
(ACCOUNTANT)
(2644 Points)
Replied 23 December 2008
Hi Ravi
We can utilized the Service tax credit upto we have paid.
For example- our bill was Rs 1123.6 (1000+ 123.6) But we paid only Rs 500 (445+55 Service Tax). So we can only claim for Rs 55as Cenvat Credit (which is the Service Tax as per calculation).
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