My client is a courier service provider. I wish to know about the following. Kindly clarify!
1. The concern is bound to pay service tax on its ouput service charges and at the time of remittance is eligible to claim service tax already paid on input services bought. would like to know whether VAT paid on input goods/services bought, of any, can be claimed for credit set-off against service tax liability on output services. (excuse if it seems to be odd)
2. From which year onwards credit set-off of service tax on inputs can be claimed?
3. In case vendor from whom input services are bought, issues bill/invoice for aggregate amount only without bifurcating Value and service tax thereon, can still such invoice be claimed credit on self bifurcation? (i.e in the case of value of the bill is inclusive of all taxes)
Thanks
CAclubindia
