Service tax liability on service receipient
This query is : Resolved
21 October 2012
Dear All,
Can Input service tax credit be used to pay the ServiCE Tax Liability arising because the client is a service receiver of various taxable services as per latest servce tax amedments?
Can Excise credit be used to discharge the Service Tax Liability arising to Service Receipient?
Can Input service tax credit be used to pay the ServiCE Tax Liability arising because the client is a service receiver of various taxable services as per latest servce tax amedments?
Can Excise credit be used to discharge the Service Tax Liability arising to Service Receipient?
22 October 2012
Service Tax Liability arising on account of reverse Charge Mechanisim has to be paid in cash without taking any CENVAT credit.
Message likes :
1 times
22 October 2012
Even under the new amendments (refer Explanation to Rule 3(4)) the liability of Service Recipient is to be discharged by payment in cash, not be utilizing any Cenvat Credit.
22 October 2012
Thanks Manish & Rathin.
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?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Sale of property furniture sale
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- 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?
Trending Online Classes
CAclubindia
