Can we take credit of service tax in manufactruring
companies & what is the procedure
- 4 Answers
- 6925 Views
- I also Faced
- E-Mail Answers
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 |
What are the different advantages and disadvantages of internal audit?
How I can evaluate the internal control audit?
an auditor gave his report and later he found an material misstatement in the financial statements regarding the period for which he gave report.now he is willing to change his opinion.is it possible.
Do you know the different types of audits?
Can we claim for the amt. of CST paid if in the case of sales return with in six month?
Sir, I want to know ... What is excise duty ?
we want to know that the rate of TDS on contractor , rent, Professional and also know that what is the minimum amount for TDS on Contractor , Professional
How do you feel u contributed to its effectiveness?
0 Answers Accounting, Bharti, Ernst Young, Global Brands, RFG, SEMA,
Can we booked current years expenses in the next year ? wahtever the answer plz provide me any proof for that
what is the entry of Salary Provision
What are dormant deposits and which is the difference with dormant accounts? Thanks
Define yourself
35 Answers Banking, College School Exams Tests, Eicher, INCDA, Infosys, Jet Airways, Lupin, Reliance, Safcon, TCS, Vertex, Volvo, Wipro,
Audit 
