can service tax on freight be settled off without paying anything actually?
mansi mehta
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
Recent Topics
- MUMBAI BASED COMPANY FOR SALE
- Asset retirement obligation
- Relocating to Dubai for Forex Trading: Legal Fund
- COMPANY FOR SALE CHENNAI BASED IT
- Income tax calculation formula in Excel for FY 202
- Credit Note On GST
- GST Invoices - No Action - IMS
- Clarity on 26QB filing in case of minor being the
- Old Regime and New Regime
- TDS deduction on lease internet charges
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
