Service tax input

Service Tax (Legacy) 522 views 4 replies

Dear sir i m working with event management company.Recenty we have done a project. In this project our overall cost is 30 lac.

we issued a invoice only for mangement fee.

Managemnet fee(3000000*5%)=150,000

+service tax                                    =15450

total                                                  =165450

 

But we have recived from clinet  -30Lac+invoice amount

 

Now my qurey is can i get input credit when i recived bill from my suppliers.

Replies (4)

U must also issue the invoices for 30 lacs as supply invoice & charge CST/VAT accordingly. Yes u can avail service tax amount paid to your supplier as input credit if you have used those services in this project.

 

Even Vat input credit you can avail..but CST input credit is not allowed..

 

sir for 30 lac we have issue Reimbursement sheet to our vendor but not charge service tax.

If u have incurred those 30 lacs on behalf of ur client than u can raise reimbursement sheet...However if u have supplied materials to your client as a supply then u must raise invoice towards the supply...

 

I think u must treat these expences incurred on behalf of client to avoide sales tax issue..

 

N yes you can avail input tax credit on the basis of your supplier's bill. 

thanks sir..........


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details