Service tax input credit

4840 views 18 replies

Hi, I wish a Happy Diwali to you all,

Service Tax paid to various bills like office telephone, electricity, mobile bills, advertisement expenses, or any other services can it be taken as input credit, Assessee is a lawyer/Consultant. Register for Management or business consultant service, Legal consultancy service

Regards

Rashmi

Replies (18)

Dear Rashmi,

 

Also wishing you a Happy Diwali....


Yes, the credit will be allowed if the same is used for business of the assessee.

 

Regards,

 

Ankit

Hey, Input credit on Service Tax paid on all those input services that are used in providing the output service can be claimed.

Agree with Ankit ji.Input Service credit will be allowed subject to Reverse charge mechanism application, if any.Under reverse charge.Input credit generated cannot be used for reverse charge ST paid by SR.Thanks....

you are welcome Rashmi...incase you have any queries...feel free to ask

yes, Input tax credit is allowed subject to condition that the aforesaid expenses are directly incurred for the business in relation to which the ITC is claimed.
Dear sir I would like to ask one question about service tax.in restaurant sector,on witch type of services I can take input. Manjeet mishra

For Manufactures if it is directly or indirectly linked to manufacture

for service providers if it is used for providing output services

But is it available for service tax paid on telephone?
Can I get the notification number for this input tax credit
But would the input credit be 100 percent or propotionate in case where companies provide both taxable n non taxable service??
Hii... In automobile industries, company use to provide lunch to its customers coming for purchase of car or for service of car. Pls tell me can we take input credit of service tax charged on the bill of lunch?

Yes Cenvat Credit can be availed and utilized

I thnk u cant claim input of telepohone bill becz u cant bifur aate the expenses as personal amd official

Yes, CENVAT Credit can be claimed, Electricity is an goods and no excise and service tax applicable on the same.

Legal Services are under Reverse charge, however same can be used against management consultancy services.

In case not able to utilise, refund can be claimed under rule 5B of CENVAT Credit Rules. However, no notification yet notified.

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