05 March 2013
One X ltd. providing services under Rent A cab operator & they are not charging Service tax in invoice, In their invoices they stated that service tax should be paid by service reciepient & they also stated that they are availing 60% abatement & do not avail cenvat credit now in that case Y ltd who received services paid Service tax under reverse charge mechanism @ 40%(12.36) now in next month can Y ltd. avail input credit?
CAclubindia
