Guddi
(employee)
(769 Points)
Replied 01 April 2014
Thank you for all the replies.
So in my case, since installation charges is separately given, service tax payable = 2000*0.1236*50%= 124/-
if bifurcation of material and service(ie., installation charges) not given separately, service tax payable = 52000*0.6*0.1236*50% = 1928/-
Are the above calculations right....
Vishal Gupta
(CA)
(59 Points)
Replied 01 April 2014
| Originally posted by : Guddi | ||
 |
Thank you for all the replies. So in my case, since installation charges is separately given, service tax payable = 2000*0.1236*50%= 124/- if bifurcation of material and service(ie., installation charges) not given separately, service tax payable = 52000*0.6*0.1236*50% = 1928/- Are the above calculations right.... |
 |
Correct.
Guddi
(employee)
(769 Points)
Replied 01 April 2014
We are company providing Ad services. Can we taken input credit of the same then....
Vishal Gupta
(CA)
(59 Points)
Replied 01 April 2014
| Originally posted by : Guddi | ||
|
We are company providing Ad services. Can we taken input credit of the same then.... | |
It depends on the nature of input services(electrical installation in your case). If the input service is used by your company for providing output service(ad service in your case) then input credit is allowed. Also, input service used in relation to modernisation, renovation or repair of premises or office of your company is eligible for input credit. Input services used for construction of building or civil structure is not eligible for input credit.
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
