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Service Tax

arvind (article assistant) (82 Points)

04 February 2009

Hi Friends

Can anybody share knowledge 4 getting Creadit of ServiceTax

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6 Replies

arvind (job) (22 Points)
Replied 04 February 2009

hi,

i want to know what is percentage of tds deduction on credit card commission.

regards

arvind

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Madhukar N Hiregange (Chartered Accountant) (39034 Points)
Replied 05 February 2009

The topic is quite vast. Will see if an updated article can be uploaded in a few days time. Maybe reading a commentary in any ST book would add the required knoweldge.

Heemanshu Malik (PCC STUDENT) (132 Points)
Replied 05 February 2009

Hi Arvind

We can take the Service Tax credit on payment basis.

When we make the payment after that we have take the credit of service Tax which we paid to creditors.

Ankit Kejriwal (Article/ Student) (297 Points)
Replied 18 February 2009

u will get credit on payment basis, if only the service is directly related to your business....

SATYENDRA KR. GUPTA (C.A.FINAL) (242 Points)
Replied 18 February 2009

Dear Friends

Please tell me about the service tax treatment regarding the organisation which have exempted & non exempted service.

S.K.GUPTA

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Rajesh Kumar (Advocate- Tax) (7806 Points)
Replied 18 February 2009

Service Tax credit should be taken only after making the full payment.

The otganisation which have both exempted and dutiable service, regarding availemnt of input credit, they should follow the provision of Rule 6 of Cenvat Credit Rules.