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Input Tax Credit

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..... Input Tax Credit
Query (Issue) Started By: - Harsh Jindal Dated:- 23-8-2012 Last Reply Date:- 23-8-2012 Service Tax
Got 3 Replies
Service Tax
A Manufacturing firm having head office in De .....

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..... lhi and manufacturing plant in Jaipur. HO is registered as input service tax distributor. Jaipur plant has separate excise duty and service tax registeration. Now Jaipur plant took some services from .....

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..... one of Delhi's service vendor. Vendor has charged service tax on bill. Service was provided in Jaipur plant. But the bill is in name of our head office at Delhi. So please tell me who is elligible .....

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..... to take credit? - Wether Jaipur (where service was given) or it is Delhi (in whose name bill was raised). Reply By Pradeep Khatri: The Reply: Under Rule 7 of the Cenvat Credit Rule, if the services .....

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..... which are being provided to HO are fully attributable at Units which are manufactuing dutiable finished goods then, full allocation of Tax can be made to such unit. Reply By Harsh Jindal: The Reply: .....

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..... Can HO allocate the credit to Jaipur unit? And Can HO utilize the credit for his taxability? Reply By Pradeep Khatri: The Reply: Yes, HO can allocate this service tax amount to Unit but after maki .....

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..... ng payment to the service provider. You would have to issue an Invoice for such allocation to the unit. HO will not avail the Credit as credit needs to be transferred from HO to Unit.
Discussion F .....

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..... orum - Knowledge Sharing .....

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