20% of input service tax

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..... 20% of input service tax
Query (Issue) Started By: - DILEEP G Dated:- 7-6-2012 Last Reply Date:- 8-6-2012 Service Tax
Got 1 Reply
Service Tax
Dear Sir, I wish to clear one of my doubt.ie .....

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..... In which stage we have to claim input serice tax @20%. and is 20% is calculating based on Total oputput service tax or Total input servic Tax Reply By Pradeep Khatri: The Reply: I am afraid that yo .....

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..... u are reffering a very old provision of law pertaining to service tax. Now, if you are manufacting or providing taxable or exempted service by using common input service then you would have to reverse .....

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..... the Equivalent CENVAT credit by giving the prior intimation to the concerned superintendent of Central Excise, Or as per formula mentioned in Rule 6 you would have to reverse CENVAT credit or pay an .....

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..... amount equivalent to 6% of the value of such services.
Discussion Forum - Knowledge Sharing .....

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