Please Help: Service Tax

Posted Date : 14-Jun-2011 , 03:19:21 am | Posted By CA Rahul Prashar

Whether service tax credit can be availed by manufacturing company on listing fees paid to CDSL for listing of securities also let me know whether these transactions are liable to TDS or not.

Category : Service Tax | Answers : 4 | Comments : 2 | Hits : 615

Answers

Answer By: Mrattunjay

yes can be, and TDS is liable

Answer By: Vikash Kumar Jha

Yes

Answer By: Vaneet Gupta

Comments

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CA. Sachin Data

15-Jun-2011 , 11:14:18 am

"input service" means any service, used by a provider of taxable service for providing an output service; or used by the manufacturer, whether directly or indirectly, in or in relation to the manufacture of final products and clearance of final products from the place of removal,and includes services used in relation to setting up, modernization, renovation or repairs of a factory, premises of provider of output service or an office relating to such factory or premises, advertisement or sales promotion, market research, storage upto the place of removal, procurement of inputs, activities relating to business, such as accounting, auditing, financing, recruitment and quality control, coaching and training, computer networking, credit rating, share registry, and security, inward transportation of inputs or capital goods and outward transportation upto the place of removal " On basis of the above, I feel that the service tax credit can be availed by the manufacturing company.