Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


Can we take credit of service tax in manufactruring
companies & what is the procedure

Answers were Sorted based on User's Feedback



Can we take credit of service tax in manufactruring companies & what is the procedure ..

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

Can we take credit of service tax in manufactruring companies & what is the procedure ..

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

Can we take credit of service tax in manufactruring companies & what is the procedure ..

Answer / anjana sehgal

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

Can we take credit of service tax in manufactruring companies & what is the procedure ..

Answer / anand kumar

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

Post New Answer

More Audit Interview Questions

What do you know about KPMG?

0 Answers   KPMG,


What is continuous audit?

3 Answers  


Does we need to make Registration Of Company(ROC) at every state? If we does nt make registration at every state,what will happen? Does we need to pay more tax without ROC at every state?

2 Answers  


How to do ledger scrutiny of income items in a profit and loss account?

2 Answers   VWR International,


surrender of shares

1 Answers   ACCS, IVRCL,


Explain intangible assets?

0 Answers  


what is the bank reconcilation

3 Answers   Garuda, MRMS,


How do i know wheather Tds deducated from Inv.or Not?(eg.If someone printing a banner for our office for Advertisement & he issue a Tax Invoice for the same. If Tds is deducted - then why & if tds is not deducted then why

3 Answers   ABC, Infoline, spykar, SVS,


what was ur role in team?

2 Answers   Air Force, Bharti,


What are your career plans?

1 Answers   Ernst Young, Fidelity,


what is the time of pf return, and how can calcualte the pf inertest.

1 Answers  


Expand---------PRSM

1 Answers  


Categories