I want to know how a person running a coaching centra can avail credit of service tax which he collects from coaching given to students, since in one of my clients case, service tax to the tune of 24000/- comes every month, pls guide
1 Replies
Ruchi Jain
(Practice)
(29 Points)
Replied 21 June 2008
you can take credit of service tax paid on service you use in providing the service of coaching classe. Like if you conduct classes in rented premises on which you pay service tax, then you can claim credit of that, and of service tax paid on telephone bills etc.
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