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

please tell me how to take the stock of goods in Tally ERP9 in case of Useing FORM F (Company Sent the Stock Send me against Form 38 & after sale He want from me FORM F ) Thank U

0 Answers  


What is Assesment year, 2010 - 11 which year Assesment year ?

4 Answers  


What are the different advantages and disadvantages of internal audit?

0 Answers  


if a person is transferred to other place he has not prepared any report regarding AUDIT and someone else is joined in his place and IF AUDIT IS CONDUCTED WHO WILL BE RESPONSIBLE FOR PENDING PREPORT

2 Answers   Shriram,


What is the Procedure for Audit the Educational Institutions? and what are the documents we have to verify?

2 Answers  


What is a deffered revenue & deffered expenses ? what is a means of accured revenue & accured expenses? before & after

2 Answers   Renault Nissan, TATA,


Please give me a tamil answer to (i) What is Tds (ii) How many percentage to calculate like this below method to give answer Particulars Amount (%)

2 Answers  


what is trial balance ? how can finalisation the accounts?

2 Answers  


secretarial audit

6 Answers  


What is the Difference between Current Assets and Fixed Assets and how would you classified it

19 Answers   GET Engineering Construction,


How will u handle accounts receivable?

20 Answers   Ask Agro Chemicals, Genpact, State Bank Of India SBI, Wipro,


what are the main tools of auditing?

0 Answers   Axis Inspection Solutions, Fidelity, Sri Padma Balaji,


Categories