is there any input-output benefit against service tax like
vat or not?



is there any input-output benefit against service tax like vat or not?..

Answer / h.r. sreepada bhagi

Yes. Input Tax credit benefit is there under Service Tax Act
also. It can be adjusted to Output Tax. It's related to
CENVAT Credit under Central Excise. It's in a way similar to
Input VAT Credit & utilisation.

Is This Answer Correct ?    5 Yes 0 No

Post New Answer

More Taxation Interview Questions

what is Direct and Indirect Tax? can any body tell me with example.

8 Answers  


On which amount Work contract tax (wct) is to be calculated - on the labour part, on material cost or on aggregate cost (labour + material)?

3 Answers   Insurance,


in a company, if employee contributing To PF equal to employer contribution. can he voluntarily stop his contribution while he is in service with that company?

0 Answers  


sir, which percentage to be deducted for film actors remuneration ?

1 Answers  


what is Form "C"

2 Answers  






When a company sold the material to is customer which is at another state under Form-C his bill was pertaining to first quarter but the customer received in second quarter. The customer will issue Form-C as per Invoice date or Material Received date.

2 Answers  


If an employee joins a new company, who is liable to transfer his PF amount from old company to new company, and what is the process for that ?

2 Answers   Shanker Infra And Allied Services,


I have appered for the interview of IOCL on 09/08/2008 for the post of Accouts Officer can any one tell me when the result will be announced.

0 Answers   IOCL,


What is the SEZ formalties in cement Industry?

0 Answers   UltraTech,


what is meant by MIS reporting?

2 Answers  


Pass a entry for salary payment basic 5000, HRA 3000, Medical 200, TDS 500 Adv 200 & deducted PF with narration.

14 Answers  


How tax deduction at source is deducted

0 Answers  


Categories