Input credit on imported services.

This query is : Resolved

Shruti Mishra (Querist)
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30 May 2012 Services Imported to India belong to Director's fee, editing fee, graphic designing, ETC.

pls share a list of specified services.

So, the service provider would be liable to pay ST on Service imported.

and can avail credit of the same against liability of Output of Services.

Under which rule can the credit be taken in such case.

Pls advice.

Shruti Mishra

Shruti Mishra (Querist)
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30 May 2012 under which column of the ST return shud the credit be taken..

against : 1) CENVAT CREDIT

2) by adjustment under rule 6(1A)

3) by adjustment under rule 6(3) of ST Rules

4) by adjustment under rule 6(4a) of st rules

Shruti Mishra

Shruti Mishra (Querist)
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30 May 2012 Such Services will form a part of the Service Recipient Category...???

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Dayal

Dayal (Expert)
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31 May 2012 Import of service sec 66A allows credit of service tax paid under reverse charge. You need to refer to FAQ booklet also available as soft copy on cbec website which clarifies such services and its tsxability under three sub categories