Hi,
Can we take set off service tax agaisnt service tax (like in VAT ).
Sunil Kumar Shrivas (Job) (232 Points)
23 December 2008Hi,
Can we take set off service tax agaisnt service tax (like in VAT ).
Jyoti Malik
(ACCOUNTANT)
(2644 Points)
Replied 23 December 2008
Hi Sunil
Yes you can take the service tax credit. But on payment basis, as we have to pay service tax when we received our Income( Payments). As this when we paid the expenses like telephone then we take the credit, otherwise not.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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