i have an query regarding SERVICE TAX INPUT CREDIT. for an example if my company is service receiver according to the rules of transportation by road. we makes the payment of our liability after taking the REBATE of 75%. and at the same time in the next month we takes the input credit of the same amount. its it correct??? can any one takes the two benefit at the same time???
1 Replies
Anubhav Wahee
(Chartered Accountant)
(21 Points)
Replied 02 July 2012
Yes the company can take the cenvat credit of the service tax paid by it for goods transport service availed by it ( even where the service tax has been paid on reverse charge basis)
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