Reverse charge of service tax entry
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2015
Dear Sir,
I am very confused so please help me.
i have AMC service recieved, wrongly i take full cenvat credit,
at the time i had paid the S.T 50% of cenvat value.
so please suggest me what is accounting treatment.
what i do next.
service provier give invoice show full service tax of invoice.
I am very confused so please help me.
i have AMC service recieved, wrongly i take full cenvat credit,
at the time i had paid the S.T 50% of cenvat value.
so please suggest me what is accounting treatment.
what i do next.
service provier give invoice show full service tax of invoice.
17 May 2015
Hi ,
If you have taken cenvat credit of full amount wrongly than you better reverse the input taken & deposit the same with govt as you always do along with interest @ 15% or 18% pa as applicable to you for delayed payment calculated on the basis of no of days.
Hi ,
If you have taken cenvat credit of full amount wrongly than you better reverse the input taken & deposit the same with govt as you always do along with interest @ 15% or 18% pa as applicable to you for delayed payment calculated on the basis of no of days.
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 May 2015
thanks
Dear,
Please suggest me accounting treatment. Mean Entry in books.
Dear,
Please suggest me accounting treatment. Mean Entry in books.
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