Service tax credit
Vikash Agarwal (Student) (104 Points)
24 December 2011
Can the company take credit of service tax charged in the auditors remuneration???
Vikash Agarwal (Student) (104 Points)
24 December 2011
praveen
(Chartered Accountant)
(6971 Points)
Replied 24 December 2011
Yes you can claim the credit of service tax charged on auditor's remuneration.
praveen
(Chartered Accountant)
(6971 Points)
Replied 24 December 2011
Yes you can claim the credit of service tax charged on auditor's remuneration.
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Input service eligible for Cenvat credit |
Cenvat credit is available of service tax paid on input services. Definition of ‘input service’ is very wide [Rule 2(l) of Cenvat Credit Rules]. Inclusive part of the definition expands the scope much beyond manufacture or provision of taxable service. |
CA Prabhat Gupta
(Manager (Indirect Taxes))
(821 Points)
Replied 24 December 2011
Credit is available.
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