Can i take service tax on freight outward.
Answers were Sorted based on User's Feedback
Answer / jagadeesha.p
You can take credit of service tax on freight outward. Only
in case of you have to take service tax registration.
Is This Answer Correct ? | 12 Yes | 10 No |
Answer / pranita
yes! but u must have register unde service tax pymt.
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / vijaydeep
You cannot take service tax credit on Freight outward (you
can take cenvat credit of service tax paid on freight only
upto the point the ownership of goods transfer to seller
not thereafter)
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / laddi
yes, you can taken service tax,but service tax charge 25%
on total amount,then 10.3% on 25%. its payable amount.
service tax deposited state bank of patiala.
Is This Answer Correct ? | 0 Yes | 1 No |
Yes you can take tax on freight outward. Bcoz you are paid
freight inclusive of service tax so you can full credit
availed on any expenditure where you paying service tax
amount.
Is This Answer Correct ? | 17 Yes | 20 No |
Answer / madhu sudan sharma
YES U TAKE SERVICE TAX BUT ONLY FOR PAYABLE THIS TAX NOT
FOR CREDIT TAKEN
Is This Answer Correct ? | 2 Yes | 9 No |
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I AM SAKTHIVEL,MY QUESTION IS 1.WHAT ARE THE LEDGER TO BE MAINTAINED FOR SERVICE TAX 2.KINDLY EXPLAIN WITH EXAMPLE FOR PURCHASE ALONG WITH SERVICE TAX 3.SALES ALONG WITH SERVICE TAX 4.IN TALLY E.R.P HOW I GROUP THE LEDGER 5.GIVE NECESSARY JOURNAL ENTRY FOR ALL SERVICE TAX RELATED TRANSACTION 6.ANY OTHER IMPORTANT NOTE U WISH TO INFORM ME 7.HOW I CROSS CHECK IT ### PLEASE HELP ME REGARDS SAKTHIVEL