Service tax input for car dealers comapny
CA Ankit Bhutoria (CA ) (372 Points)
02 July 2012CA Ankit Bhutoria (CA ) (372 Points)
02 July 2012
CA Sripal Jain
(Associate Finance)
(709 Points)
Replied 02 July 2012
Yes there is no restriction on these 16 specified services
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Consulting Engineer [section 65(105)(g)] |
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Architect [section 65(105)(p)] |
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Interior decorator [section 65(105)(q)] |
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Management consultant [section 65(105)(r)] |
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Real Estate Agent [section 65(105)(v)] |
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Security Agency Services [section 65(105)(w)] |
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Scientific or technical consultancy [section 65(105)(za)] |
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Banking and Financial Services [section 65(105)(zm)] |
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Insurance Auxiliary Services concerning life insurance business [section 65(105)(zy)] |
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Erection, commissioning and Installation [section 65(105)(zzd)] |
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Maintenance or repair [section 65(105)(zzg)] |
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Technical testing and analysis [section 65(105)(zzh)] |
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Technical inspection and certification [section 65(105)(zzi)] |
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Foreign Exchange Broker [section 65(105)(zzk)] |
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Construction Service [section 65(105)(zzq)] |
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Intellectual property services [section 65(105)(zzr)] |
check this and only on this services there is no dispute and u can claim input credit on this
regards
sripal jain
CA Ankit Bhutoria
(CA )
(372 Points)
Replied 02 July 2012
brother
thanks for reply but we use these services for both provoding taxable service and sale of cars
CA Ankit Bhutoria
(CA )
(372 Points)
Replied 02 July 2012
i know i can claim input on these i just wanna knw extent upto which we can take input of these
CA Sripal Jain
(Associate Finance)
(709 Points)
Replied 02 July 2012
there is nothing mentioned on extent,see you cannot adjust against sale,u cn adjust only against service or on amnufacturing,so dont mix sale and all here,if your providing service say proportionately ,then u must be taking proportionately
CA Ankit Bhutoria
(CA )
(372 Points)
Replied 02 July 2012
till now they take 20% Of entire Input credit as they say we are both receiver and provider of services i think you twlling as per Cenvar Credit rules
Ajit kumar Dubey
(Taxation Manager)
(637 Points)
Replied 02 July 2012
CA Sripal Jain
(Associate Finance)
(709 Points)
Replied 02 July 2012
hi ajit,
in which notification its given tht we cant claim ,we r claiming now also,and kindly see wht have u written,as the list which i have given is included and mentioned ,so please give answer with reference to notification or section or rule no,there is no violation of act,please be careful about wht the law says and interpret accordingly,if the rule is there it still exist,i have not seen any amendments
regards
sripal jain