TaxTMI 
TaxTMI 
Input service credit related to barges and tugs -reg
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....nput service credit related to barges and tugs -reg<br> Query (Issue) Started By: - vinay wakde Dated:- 1-3-2016 Last Reply Date:- 19-3-2016 Service Tax<br>Got 1 Reply<br>Service Tax<br>We are having our own Barges/Tugs. We are giving these Barges/Tugs on hire. We are paying service tax on monthly basis on hire income/ shipping income. As per the contract, all the expenses incurred during hire per....
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....iod has to bare by us only. The Custom House Agent is engaged who looks after the barges. The CHA raising the bills / invoices on us towards Agency fees and debit notes for reimbursement of Port Dues paid on our behalf to Port authorities at various ports. Kindly give your valuable guidance on following queries:- (1) Whether we can take Input service credit on bills/debit notes raised in our nam....
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....e by the Custom House Agent and adjust the Input service credit towards payment of Service Tax i.e. payment of service tax on output service namely "supply of Tangible goods". (2) Whether we have to maintain separate record for receipt & consumption of input services as per Rule 9(6) of Cenvat Credit Rules? (3) Is there any separate monthly CENVAT Return to be filed other than CENVAT Return unde....
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....r Rule 9(7) of CCR to the Service Tax authority? if we adjusted the credit taken on input service for payment of service tax on output service? Kindly give us your valuable guidance. Reply By Ganeshan Kalyani: The Reply: You can certainly take the credit.<br> Discussion Forum - Knowledge Sharing ....