TaxTMI 
TaxTMI 
CREDIT OF SERVICE TAX PAID
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....REDIT OF SERVICE TAX PAID<br> Query (Issue) Started By: - sanjay jain Dated:- 21-6-2013 Last Reply Date:- 27-6-2013 Service Tax<br>Got 3 Replies<br>Service Tax<br>We are a manufacturing unit . we are registered with Excise and Service tax both. we are taking CENVAT credit of Excise duty on input received. we are paying service tax in cash on freight of input which we had paid after abatement of 7....
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....5%.my queries are 1.can we debit (pay)service tax from Ex.duty CENVAT. 2.can we take credit of service tax paid by us on Telephone/Mobile Bill,on Bill of various Auditfees/cosultancy fees/professional fees etc. Reply By Pradeep Khatri: The Reply: Dear Sir, Replies to your queries: * Yes, you can adjust the output service tax from the CENVAT credit availed on Inputs. * Yes, you can avail t....
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....he CENVAT credit on Telephone, Mobile phones, Audit fess, consultancy services and professional fees etc as it is specifically mentioned in the definition of the Input services. Best Regards, Pradeep Khatri YAGAY & SUN (Management and Indirect Tax Consultants), Mobile: 9818131923, e-mail: [email protected]; [email protected] Reply By R MUTHURAJ: The Reply: Dear Sir, Reply given by Mr.Pradeep....
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.... is correct except the point no.1 for the following reason: In respect of service tax liability arises on Reverse charge basis, it has to be discharged ONLY by PLA/Cash as per the Explanation to the Rule 3(4) of Cenvat Credit Rule, 2004 Regards, R.Muthuraj Reply By sanjay jain: The Reply: Thanks Mr.R.Muthuraj.<br> Discussion Forum - Knowledge Sharing ....