Sl.No. | Description of a service | Percentage of service tax payable by the person providing service | Percentage of service tax payable by the person receiving the service |
8. | in respect of services provided or agreed to be provided by way of supply of manpower for any purpose 4[or security services] | 25% | 75 % |
Dear Sir
We are working in Engg mfg company , whether we are eligible for above cenvat credit after paid and same can be utlised in output sales / service?
With Regards
HITENDRA DAVE
Engineering Firm Eligible for CENVAT Credit on Manpower, Security Services; Utilize After Payment per CENVAT Credit Rules An engineering manufacturing company inquired about eligibility for CENVAT credit on service tax paid for manpower or security services, where the service provider pays 25% and the receiver 75%. Two responses confirmed that, under current CENVAT Credit Rules, the company is eligible for the credit. The credit can be utilized for output sales or services once the payment for the input service and the corresponding service tax is made, as documented in the invoice or bill. (AI Summary)
Service Tax