Can we take credit of service tax in manufactruring
companies & what is the procedure
- 4 Answers
- 6927 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 |
Can Bonus of pre-operative period be part of pre-operative expenses ?
Expand---------ESRD
What are dormant deposits and which is the difference with dormant accounts? Thanks
What are examples of Factory Overhead?
WHAT IS THE TRAIL BALANCE
What is the difference between internal audit and statutory audit?
audit programme
Which books are helpful for practising accounting's most tricky sums?
difference b/w debit and credit
Define yourself
35 Answers Banking, College School Exams Tests, Eicher, INCDA, Infosys, Jet Airways, Lupin, Reliance, Safcon, TCS, Vertex, Volvo, Wipro,
What do you find the most challenging in Accpuntant role
0 Answers State Bank Of India SBI,
i am deposit cash in my bank. And i want to do sale against cash deposited into bank. but i face some problem,, like how can i handle daly basies expensies when i am doing sale against cash deposit in tally how can i manage this type of problems. any body can please tell me.
Audit 
