Query on Service Tax

[sourabh jain]

Q1....For Taking Credit of service tax what document should be prepared by service provider .

Q2.  What do you mean by Input Service Distributor ? and what are the examples what are the implication of it in service tax ? 

AI Summary

Understanding CENVAT Credit Documentation and Input Service Distributor Role Under CENVAT Credit Rules A user inquired about the documentation required for availing CENVAT credit and the concept of Input Service Distributor (ISD) in service tax. The response clarified that CENVAT credit can be availed using documents like invoices, bills, challans, and debit notes. It explained that an ISD, under CENVAT Credit Rules, allows the distribution of service tax credits incurred by a manufacturer or service provider's office to their units. The distribution is based on turnover, ensuring revenue neutrality across units. An example illustrated how a manufacturer with multiple units distributes service tax credits from expenses incurred at a corporate office.