Cenvat credit in legal service
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2015
In legal case service provider is individual / firm of advocate & service receiver is ltd / pvt ltd company so in that case service receiver is paying 100% liability on that service.
So my question is that can service receiver take the benefit of cenvat credit or not ?
& plz provide notification no
In legal case service provider is individual / firm of advocate & service receiver is ltd / pvt ltd company so in that case service receiver is paying 100% liability on that service.
So my question is that can service receiver take the benefit of cenvat credit or not ?
& plz provide notification no
31 May 2015
If business entity pays service tax under reverse charge, it can take cenvat credit for it and utilize it for payment of service tax and excise. Legal service is input service as per definition (rule 2(1) of cenvat credit rules, 2004).
31 May 2015
Yes it is input..You can take credit
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Gst Sales of FY 2023-24
- RCM - commercial rent paid to URP under GST
- Payable outstanding for years disallowance
- TDS NUMBER SURRENDER
- Form 26QB for TDS on property
- Whether still royalty
- TDS applicability on Service through ECO
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
