If as a company i am receiving services under the category of reverse charge mechanism say, hiring of motor vehicle, supply of manpower, services received from advocate on account of legal services...is it required to take registration under these category for paying either 100% or partial service tax? Whether i can take rebate/set off in the same month or i can take it in subsequent month?
01 February 2013
you are required to take registration as service recipient to pay service tax under reverse charges and for service tax credit, you has pay service tax as recipient by challan. Also service tax credit can be taken against service tax payable for output service ( or excise duty payable as manufacturer). Service tax credit can't be adjust against service tax payable as recipient.
CAclubindia
