Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

service tax

Mansi (CA Final) (79 Points)

26 November 2007

can service tax on freight be settled off without paying anything actually?

mansi mehta

Reply
Follow
Share

1 Replies

Karna (articled assistant) (27 Points)
Replied 26 November 2007

If output service provider both taxable and exempted services or manufacturers both excisable and exempt goods and such manufacturer or service provider does not maintain separate account to show use or consumption of inputs or input services for taxable/exempt output services or final product , credit will be allowed only to the extent of 20% tax payable by them and balance will have to paid through TR-6 CHALLAN