Claiming input service tax for royalty payment to abroad
This query is : Resolved
10 June 2013
My Company has paid service tax @ 7.36%(12.36-5(R&D Cess)) on Royalty and Technical Services to abroad. My question is whether I can take it as my input service tax. And if possible when? Can I take it as a input for other services? If it is not possible can I get refund?
12 June 2013
ST is payable on receipt of services from outside India under reverse charge. See article on Place of Provision of Services Rules.
When paying ST there is an exemption for setting off the R&D cess paid for such services.
Credit under ST is permissible where the input service is used in providing taxable services.
No refund unless one exports the services or goods.
When paying ST there is an exemption for setting off the R&D cess paid for such services.
Credit under ST is permissible where the input service is used in providing taxable services.
No refund unless one exports the services or goods.
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Stock difference tax applicable on composite rate or normal rate
- 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
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
