Urgent urgent...plzz

hi,
hi gurus,
what is difference between service tax with credit and without credit..............
i want a create a tax code for service tax without credit...
if i use this tax code what would be effects,  will the tax be added to the base amount...
plzzz gurus help me its very very urgent
regards,
santosh kumar

Service Tax Credit is similar to the CENVAT credit where you can setoff the Service Tax paid against the Service tax payable.
If you create a tax code with Service Tax Without Credit there is not special treatment for this.
It is just taken to Expense accounts instead a Balance sheet account (Service Interim Tax Credit)

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