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Categories  >>  Accounting  >>  Audit
 
 


 

 
 Audit interview questions  Audit Interview Questions
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions
 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
Can we take credit of service tax in manufactruring 
companies & what is the procedure
 Question Submitted By :: Nitin Kumar
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Can we take credit of service tax in manufactruring companies & what is the procedure
Answer
# 1
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 11 No
Anand Kumar
 
  Re: Can we take credit of service tax in manufactruring companies & what is the procedure
Answer
# 2
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
Yogendra Budakoti
 
 
 
  Re: Can we take credit of service tax in manufactruring companies & what is the procedure
Answer
# 3
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
Shubhojit Kanti Chatterjee
 
  Re: Can we take credit of service tax in manufactruring companies & what is the procedure
Answer
# 4
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
Anjana Sehgal
 

 
 
 
Other Audit Interview Questions
 
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What is tax audit  27
what is the difference between capital and revenue expenditure  7
what are the cost audit and management audit?  2
in trial balance if there is PROVISIONS given under the heading current liabilities then where will its effect be ??  2
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 Shriram2
what is internal check?  3
What is the most effective team you have ever been a part of ? Bharti1
How to caculate assets?  1
Do you think Auditing job is very boring ? Ernst-Young3
Expand---------PRSM  1
Can I alter Original Tax invoice(pharma) at warehouse in respect of Batch,nomuntilature,quantity,value etc.?  1
 
For more Audit Interview Questions Click Here 
 
 
 
 
 


   
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