Cenvat credit on st rcm
This query is : Resolved
26 May 2015
A company is involved in provision of taxable and exempted services. 95 of its turnover is taxable turnover and hence they started claiming 95 of service tax as input.. But in the case of service received through reverse charge, they have been claiming at 100. Is this practice right??.. Please explain
26 May 2015
No. This is not at all correct.
you should take input of only that services which are used in providing taxable output services .
Though you have paid under reverse charge also. U should not able to claim input credit.
you should take input of only that services which are used in providing taxable output services .
Though you have paid under reverse charge also. U should not able to claim input 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
- GST Regis.
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Bogus purchase treatment for it act gst dealer
- Gst input for FY 23-24
- Company registration : Rental agreement or NOC?
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- 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 ?
Trending Online Classes
CAclubindia
