Ajay Raghatate (Sr Executive (Excise & Accounts)) (736 Points)
26 February 2010Dear freinds,
Plz suggest me,
Our consultant who is auditing our books of accounts. the firm is registered in cat of chartered accountants, they are charged the service tax on following works,
Vat audit fees
Reply of notices & Appeal cases drafting & submission (sales tax & Excise)
PH on behalf of company,
We are manufacturer unit,
Can we eligible to avail service tax
Thanks
CA Ayush Agarwal
(Kolkata-Pune-Mumbai)
(27186 Points)
Replied 26 February 2010
No UR Not Eligible To Take Credit of Service Tax ......
This whole Will Be Taken As Expenses................i.e ST
ST paid on Direct Expenses May B taken As Credit.
CMA.Baskar.V
(Cost Accountant)
(400 Points)
Replied 27 February 2010
I agree with Mr.Uday. We can take credit....................
Chintan Vasa
(CA Final Student M.Com)
(1241 Points)
Replied 27 February 2010
Read the definition carefully. It makes it quite clear that the credit will be available, but we should also apply a logical test whether the input service have any nexus with the manufacturing. Nexus can be direct or indirect. In fact if 1% nexus is their then also the input credit can be availed & utilised.
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