Input credit of service tax
This query is : Resolved
25 November 2013
Assume
Atul(Registered under service tax prior to 2013) avails the professional service of Sumeet(Registered under service tax in NOvember 2013)
Sumeet will comply under VCES Scheme for service tax that was payable from 2011 on his receipts.
Amount paid by Atul to Sumeet from April 2013 to October 2013: Rs 50 Lakhs.
Can Atul claim input service tax on 50Lakhs paid to Sumeet(assuming professional fees= Rs 44.50 Lakhs and balance as service tax input) since Sumeet is now registered under service tax.
Atul(Registered under service tax prior to 2013) avails the professional service of Sumeet(Registered under service tax in NOvember 2013)
Sumeet will comply under VCES Scheme for service tax that was payable from 2011 on his receipts.
Amount paid by Atul to Sumeet from April 2013 to October 2013: Rs 50 Lakhs.
Can Atul claim input service tax on 50Lakhs paid to Sumeet(assuming professional fees= Rs 44.50 Lakhs and balance as service tax input) since Sumeet is now registered under service tax.
26 November 2013
In case summet has charged service tax on invoice separately from April 13 to Sept 13 period then Atul can claim the credit even if Sumeet has not deposited the amount to government.
There are many case laws which support the above case law.
There are many case laws which support the above case law.
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
- Inventory of finished goods
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- 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
