Interested to Buy Any Domain ? << Click Here >> for more details...
Can we take credit of service tax in manufactruring
companies & what is the procedure
- 4 Answers
- 8553 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 |
vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?
What is the Procedure for Audit the Educational Institutions? and what are the documents we have to verify?
I have received a sum of Rs.500 worth Bill from Vendor, which is relevent to 2004-05. But Outstanding Expenses not book during that Year? What is the Accounting Policies to book this expenses?
what is internal audit?
I have had a Accounting experience more than 20 year in General Accounting, Traveling & Tourism, and Air lines. Can I change my Job from Accountant to Auditor- Please give me right advise.
What is your Strenth and waekness & why
1 Answers Aloha Technology, Deloitte,
State with reason which account should be debited and which account should be credited in each of the following transactions: 1. Raj commenced business with cash Rs. 5000 2. Bought goods from Kiran for cash Rs. 1000 3. Sold furniture to Ravi on credit Rs. 500 4. Sold goods for cash Rs. 800 5. cash purchases Rs. 600 6. Bought Stamps Rs. 10 7. Withdrew cash from the business for personal use Rs. 1000 8. Paid salary to manager Rs. 500 9. Paid rent to landlord Rs. 200 10. Received commission from Mani Rs. 50 11. Paid for repairing machinery Rs. 30 12. Received cash form Ravi on account Rs. 400 13. Gave loan to Babu Rs. 500 14. Purchased goods from Sachin Rs. 400 15. Opened a bank account with Rs. 1000 16. Charged Mohan Rs. 50 commission for service rendered to him 17. Santosh paid the interest on loan advanced to him 18. Received loan from Manju Rs.10000 19. Office furniture stolen Rs. 500 20. Paid income tax Rs. 5000 21. Paid life insurance premium Rs. 300 22. Allowed discount to Babu Rs. 90 23. Discount received from Santosh Rs. 150 24. Amount charged by bank as bank charges Rs. 30 25. Railway fright paid on machinery purchased Rs. 100
How to do ledger scrutiny of income items in a profit and loss account?
How do one write an interim audit report?
is excise duty is applicable to job work/ labour charges? how and why? what is the rate applicable for the same? and also for what type of job work it is applicable and not applicable?
Whether interstate purchase of High speed diesel by mines at concessional rate is allowable ?
Expand---------BRP
Audit 
