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