sir ,
A company registered service tax under service recipient and that company has received chartered accountant service this amount can take as input credit ?
8 Replies
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 24 October 2013
Credit can only be taken if input service is use and utilsed in providing output service.It appears that you have been registered only for making payment of Service tax,as such credit is not available to you.
Jayam Ramesh K C
(Group Chiefr Accountant)
(99 Points)
Replied 24 October 2013
Yes. What Mr Prabhat has said is correct.
Jayam Ramesh K C
Yachana
(student)
(37 Points)
Replied 26 October 2013
Yess.. absolutely correct.no input credit for services is allowed for the output not used in rendering services.
pintu
( Executive)
(174 Points)
Replied 27 October 2013
credit can be taken as activity of audit is specifically mentioned in the definition of input service
VIKASH KUMAR JAIN
(Audit Executive)
(711 Points)
Replied 28 October 2013
Credit can be taken against Excise Duty liability of the co. if any.
Manoj Agarwal
(Service Tax Consultant Rourkela ServiceTaxExpert@yahoo.com)
(3456 Points)
Replied 29 October 2013
1) Credit can be Availed but can be Utilized only against any Output Service or against Excise Duty payable for manufacturing activity, if any.
2) Credit cannot be utilized for making payment of service tax on reverse charge basis. If service recipient is liable to pay tax under N/N-30/2012, then tax must be paid in cash though GAR-7 Challan.
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