WHY TO PAY SERVICE TAX AND CLAIM CREDIT

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  1. SAIKIRAN MUDIRAJ

    SAIKIRAN MUDIRAJ New Member

    Experts,

    We have a company who is paying Service Tax on Works Contract, Labour Contractors and GTA on Reverse Charge basis. But I have a doubt whereby we are paying Service Tax to the Government while remitting monthly the Service Tax, But again we are taking credit of that in Excise Duty

    What is the benefit to the Government asking for paying Service Tax and giving credit of the same
     
  2. tushar gandhi

    tushar gandhi New Member

    to have details of service provider and service reciepient on the same service which is provided and to have a cross check on the same while assesment of service tax by Department... providing credit is just a way of getting detailed information of servivce provider/recepient.
     
    Neha Sharma likes this.
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