Hai,
I have a query regarding Service Tax. My company will fall under Maintenance and repairs and i am paying Telephone charges. My question is whether i will get full credit on the input service tax paid on telephone charges.
With regards,
Mani
4 Replies
Sathyanarayana.B
(Senior Executive- Finance)
(49 Points)
Replied 09 April 2008
why not; provided input service must be utilized for taxable output service.
subramanya
(Professional)
(907 Points)
Replied 09 April 2008
Thanks Mr.Satyanarayan,
However, i need more clarification.
If my Service Tax category is Maintenance and Repair and i am claiming credit to the "Telephone services". can i claim 100% credit or 20% ..
Raju K. A
(service)
(89 Points)
Replied 10 April 2008
Credit can be taken if you are not availing abatement under Notfn.No.1/2006 for payment of ST under Maintenance & Repair service.
If you are providing taxable and exempted services then the credit can be utilised only to the extend of 20% of ST payable. W.E.F 1.4.2007 this rule has been changed.
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