29 May 2015
Dear Sir Our company(Pvt Ltd)Reverse service tax(RCM) paid on amount of service received from --- contract service,Transport Agency,Legal service,Cab service But there is nothing any output service tax in our company. So, my question is --- should we avail input credit benefit from service tax of Telephone bill,Professoinal fees & Others Charges etc Kindly clearify about above topic. Thanking you.
Since there is no output liability (as a service provider), you will not be eligible to avail any input credit. Also, reverse charge liability needs to be paid in cash and cannot be paid by utilizing input credit.