What Are The Duties / Taxes That Can Be Availed As Credit In Case Of

1.	What Are The Duties / Taxes That Can Be Availed As Credit In Case Of Service Tax?
Answer» As mentioned at PARA 12.1, Duties paid on the inputs and capital goods, and the Service Tax paid on the input‟ SERVICES can be taken as credit. Education CESS paid on the Excise duty and Service Tax can also be taken as credit. However, the credit of such Education Cess AVAILED can be utilized only for PAYMENT of Education Cess relating to output service. As mentioned at para 12.1, Duties paid on the inputs and capital goods, and the Service Tax paid on the input‟ services can be taken as credit. Education Cess paid on the Excise duty and Service Tax can also be taken as credit. However, the credit of such Education Cess availed can be utilized only for payment of Education Cess relating to output service.

What Are The Duties / Taxes That Can Be Availed As Credit In Case Of Service Tax?

Answer»

As mentioned at PARA 12.1, Duties paid on the inputs and capital goods, and the Service Tax paid on the input‟ SERVICES can be taken as credit. Education CESS paid on the Excise duty and Service Tax can also be taken as credit. However, the credit of such Education Cess AVAILED can be utilized only for PAYMENT of Education Cess relating to output service.

As mentioned at para 12.1, Duties paid on the inputs and capital goods, and the Service Tax paid on the input‟ services can be taken as credit. Education Cess paid on the Excise duty and Service Tax can also be taken as credit. However, the credit of such Education Cess availed can be utilized only for payment of Education Cess relating to output service.

Discussion

No Comment Found

Related InterviewSolutions

Whether Cleaning Of Export Cargo By Fumigation Is Taxable Under "cleaning Services"?
What Is The Procedure For Registration? Who Should Be Approached For Service Tax Registration?
Where Can The Service Tax Department Be Contacted?
Are There Any Statutory Documents Prescribed By The Government Such As Specified Invoice Proforma, Specified Registers Etc. For Use By The Service Providers?
Are There Any Geographical Restrictions On Banks For Service Tax Payments?
What Is Meant By Service Tax Registration? Who Should Apply For Service Tax Registration?
When Paid By Cheque, Which Date Will Be Treated As Date Of Payment For Service Tax Payment?
What Are The Duties / Taxes That Can Be Availed As Credit In Case Of Service Tax?
Which Banks Provide The Facility Of E-payment Of Service Tax?
Can The Department Modify The Value Determined By The Service Provider?