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Can input credit set off be adjusted against service tax pay

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 September 2014 Pls explain if there is sufficient balance in Input Service Tax of Apr14 to July,14. Can be adjustes/set off against service Tax payable under RCM.
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Porwal Consultancy

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Porwal Consultancy (Expert)
07 September 2014 RCM is applicable by the virtue of Sec 68 and hence, should be paid in cash only

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