20 March 2012
plz guide we have imported service from a foriegn corp. the foriegn corpn raised invoice of consultancy service on th name corporate office.i paid service tax on it and takoo the credit of this, but the dept audit teem is raising objection, plz guide
20 March 2012
Department is objecting because invoice is raised in the name of Corporate office and technically corporate office does not provide service or manufacture goods.......You can get registered your corporate office as Input service Destributor and then can destribute the credit to the plant or premises to which it relates or if it is commong then can be distributed in ratio of turnover (as amended in Budget 2012)
CAclubindia
