Cenvat credit on reverse charge mechanisam
This query is : Resolved
02 January 2014
Dear sir,
Our company is software company, recently we take one buss on hire for staff outing. Service provider charged 4.944% service tax on reverse charge mechanism and balance tax 7.416 we have to pay. my question is can we get Cenvat credit on input service ie 4.944 & as well as 7.416 for both the payment?
Our company is software company, recently we take one buss on hire for staff outing. Service provider charged 4.944% service tax on reverse charge mechanism and balance tax 7.416 we have to pay. my question is can we get Cenvat credit on input service ie 4.944 & as well as 7.416 for both the payment?
02 January 2014
Yes, you can take the cenvat credit of both duty paid by you. All the services covered under reverse charge system if you have to pay the duty then you are eligible to take cenvat credit.
02 January 2014
I am agreed with Mr. Arun But Balance Tax 7.416 has to be paid in cash
unless Assessee pay the balance amount, it is not allowed to take as cenvat Credit .
unless Assessee pay the balance amount, it is not allowed to take as cenvat 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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
Trending Online Classes
CAclubindia
