Can we take credit of service tax in manufactruring
companies & what is the procedure
- 4 Answers
- 6976 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 |
Can we booked current years expenses in the next year ? wahtever the answer plz provide me any proof for that
What do you find is the most challenging part of your job ?
If the wording of a governing document of a non-company charity requires accounts to be audited, does this mean statutory audit?
what is pert(project evaluation and review techniques)?
what is the accounting treatment on Putoption over own shares.?
What is difference between individuals & company? When deducting tds for them how we can compare them?
what is audit & activities of auditor?
0 Answers Ernst Young, Ferguson, ICICI,
accounting & audit system of film production enterprises
how many years deduct the depreciation amount
what is the accounting entry for fictitious asset
Why you want to be a auditor?
What is a deffered revenue & deffered expenses ? what is a means of accured revenue & accured expenses? before & after
2 Answers Renault Nissan, TATA,
Audit 
