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urgent Help required???

156 views 7 replies

Akshay

149 Points Joined December 2013

Hello Everyone,

If being a NBFC I have Rs. 9 Crores as Service tax credit. can I take full credit in TRAN 1 as a bank or only 50% will be allowed??

credit related to only Banking services will be allowed or others like security agency, manpower etc. will also be allowed??

Kindly help urgently!!!

Replies (7)

sudip sharma

article

734 Points Joined May 2015

hi , you can claim full in trans-1

Akshay

149 Points Joined December 2013

thank you for your reply.. but can you explain this to me??

sudip sharma

article

734 Points Joined May 2015

kindly write the whole matter and drop your mail id. I will give you full information within a reasonable time.

Akshay

149 Points Joined December 2013

Being NBFC I have credit of Rs. 9 Crores which is generating from various services like banking, service agency, manpower etc. My query was that can I claim credit of all services as ITC @ 50% or only banking related will be allowed??
akshaywaghmare93 @ gmail.com