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TMI BlogSetting Off Service tax payable against Input Service Tax CreditX X X X Extracts X X X X X X X X Extracts X X X X ..... Setting Off Service tax payable against Input Service Tax Credit X X X X Extracts X X X X X X X X Extracts X X X X ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eople are advising me that there is a cap on setting off input ax credit in terms of %age). As every month my input service tax credit is more than the actual service tax payable, please advise me as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to what amount I can set off and what is the mandatory tax payable. thanks and regards, Sivakumar S Reply By Pradeep Khatri: The Reply: Please check the following aspects, namely: * Whether you ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are availing the CENVAT credit on the Input Services as per the amended definition of the the Input services or not? * Whether you fall under the catergory of Inflated Service Tax i.e. Tax on input ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... services are more than of output services? * Whether there is any export of services? * Whether you had applied for exemptions and refund for the input services under the provisions of export of s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ervices or not?
Reply By JAMES PG:
The Reply:
Claiming abatement for payment of Service Tax and availing Cenvat credit, carrying on Trading activity also to be looked into. X X X X Extracts X X X X X X X X Extracts X X X X ..... owledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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