Interested to Buy Any Domain ? << Click Here >> for more details...
Can we take credit of service tax in manufactruring
companies & what is the procedure
- 4 Answers
- 8242 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / yogendra budakoti
we can take service tax input credit also in manufacturing
company, service tax credit should be taken only after
payment for service rendor has been made. we can use this
credit against excise duty liabilites.
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / shubhojit kanti chatterjee
we can take service tax input credit also in manufacturing
company, service tax credit should be taken only after
payment for service rendor has been made. we can use this
credit against excise & duty under liabilites.
| Is This Answer Correct ? | 4 Yes | 1 No |
yes, we can take credit of service tax provided the
manufacturing concern is registered under excise act &
these services are being utilised directly or indirectly in
manufaturing of exciseable goods.
If final goods are not exciseable in that circumstances we
cannot claim credit of service tax in respect of those
services which have been utilised in the manufacturing of
goods not subject to excise duty.
| Is This Answer Correct ? | 3 Yes | 0 No |
Input always against output. If you are not liable to pay
service tax in manufacturing unit specially, service tax
input not allowed for you. Generally contractor or service
providers are take input for service taxes that are not in
composite or abetment scheme.
| Is This Answer Correct ? | 0 Yes | 12 No |
what is opening balance?
what is the balance sheet
Why do you want to join audit?
If calls in arrears are presented in the balance sheet in the last year, but they were not received. So how to give the accounting treatment?
How to apply for articleship in big 4
whether an independant auditor can increase his fees in properitory firm according to turnover.
accounting & audit system of film production enterprises
I WANT TO DO MY ARTICLE-SHIP FROM DELLOITS KOLKATA..PLEASE HELP??
whether in the case of BIFR scheme the non payment of dividend FOR MORE than 7 years shall go in the Dividend Equalisation fund/ Investors Protection fund
Interstate purchase fixed assets against "c" form how can i enter this bill. Party value:- 2000000 Cst :- 40000 Machinery:- 2040000
I have received a sum of Rs.500 worth Bill from Vendor, which is relevent to 2004-05. But Outstanding Expenses not book during that Year? What is the Accounting Policies to book this expenses?
1.is tds compulsory for commission paid on sales.2.if tds return for is submited for the interest paid on unsecured loans,what should be done.
Audit 
