Service tax
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 May 2013
Reverse charges of Service will adjusted with CENVAT credit OR it will full expenses .
please help
please help
23 May 2013
Service tax under reverse charge can not be adjusted with CENVAT Credit.
It has to be paid through GAR7
and we can take cenvat crdit of the same on the basis of GAR7
It has to be paid through GAR7
and we can take cenvat crdit of the same on the basis of GAR7
23 May 2013
Where Service tax is payable under Reverse Charge Mechanism, it is to be paid by Cash only. Thus benefit of Cenvat credit cannot be availed of in such a case.
But any Service Recipient so liable to pay service tax in the above scheme can claim Cenvat credit of such tax paid by him and utilize the credit against
* Central Excise duty payable on manufacture of final goods OR
* Service Tax payable by him on any output service
on the basis of copy of GAR 7 challan.
But any Service Recipient so liable to pay service tax in the above scheme can claim Cenvat credit of such tax paid by him and utilize the credit against
* Central Excise duty payable on manufacture of final goods OR
* Service Tax payable by him on any output service
on the basis of copy of GAR 7 challan.
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 May 2013
Thanks for your reply.
but there is one more doubt,
If we have some legal fee received from a individual advocate of Rs 1000/- and as per reverse charge mechanism we have to libale service tax for that of rs 123.60, can we adjust the the amount of Rs 123.60 with other service tax libility.
Regards
Anirudh
but there is one more doubt,
If we have some legal fee received from a individual advocate of Rs 1000/- and as per reverse charge mechanism we have to libale service tax for that of rs 123.60, can we adjust the the amount of Rs 123.60 with other service tax libility.
Regards
Anirudh
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