Cenvat credit in service tax
This query is : Resolved
06 September 2013
DEAR ALL
ONE OF OUR CLINT IS TAKING SSI EXEMPTION UNDER NOTIFICATION 33/2012. PLZ TELL ME THAT HOW HE WILL ISSUE THE SERVICE TAX INVOICE AND
WHETHER THE RECEIPIENT OF SERVICE CAN TAKE INPUT TAX CREDIT ON THE BASIS OF SUCH INVOICE ISSUED BY MY CLINT.
ONE OF OUR CLINT IS TAKING SSI EXEMPTION UNDER NOTIFICATION 33/2012. PLZ TELL ME THAT HOW HE WILL ISSUE THE SERVICE TAX INVOICE AND
WHETHER THE RECEIPIENT OF SERVICE CAN TAKE INPUT TAX CREDIT ON THE BASIS OF SUCH INVOICE ISSUED BY MY CLINT.
06 September 2013
You have not informed in the query whether the client has a valid Service tax RC?
If not, till the party reaches 10 lacs, he cannot collect service tax in his bill.
When he cannot collect the service tax component, how can the recipient can Cenvat credit?
If not, till the party reaches 10 lacs, he cannot collect service tax in his bill.
When he cannot collect the service tax component, how can the recipient can Cenvat credit?
07 September 2013
Obviously sir, he is registered with service tax department. he made voluntary registration in the year 2010-11.
NOW PLZ GUIDE ME AGAIN SIR
NOW PLZ GUIDE ME AGAIN SIR
07 September 2013
Obviously sir, he is registered with service tax department. he made voluntary registration in the year 2010-11.
NOW PLZ GUIDE ME AGAIN SIR
NOW PLZ GUIDE ME AGAIN SIR
07 September 2013
Now that he is holding a registration certificate, he can charge service tax in his bill and I repeat that the service receiver can avail cenvat credit on input services, without any hassle. Your question is without reaching 10 lacs, can the client collect the Service tax. Yes. He can. But once the option is given he cannot go back.
Your client can discharge his tax liability and file the ST3 Return.
Your client can discharge his tax liability and file the ST3 Return.
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