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TMI BlogService tax credit on Input ServicesX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, 2% of our total receipts attract service tax and balance 98% sales are covered under VAT/CST and on this 98% sales no service tax is payable.Can we take full credit of service tax paid on input s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ervices like telephones,CA services, security services etc. for this 2% reciepts. Thanks and Regds - Reply By harsh - The Reply = It is immaterial to proportionate the Service tax paid by you on th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 2% percent of your total recepits,full credit of service tax on input services can be taken on your total service tax received. - Reply By A RAVINDRA - The Reply = Mr. Harsh is wrong. If you are pay ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing CENVAT then only you can avail 100% input credit. Other wise you have to take proportionaltly. Generally it is 20% of the service tax paid by you on your input services. But if any input service a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vailed by you is exclusively for discharging out put service(to be established propery) then you can avail 100% credit on such exclusive input services. - Service tax credit on Input Services - Query ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Started By: - Ashok Jain Dated:- 21-4-2006 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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