Reverse charge mechanism gta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2014
Dear Experts,
Please Guide me on following,
under GTA mechanism If a company pays freight than company is liable to pay service tax under RCM. Now if company recovers the amount inclusive of service tax from client without showing service tax separately, than
1.Can still company claim the credit
2.Is it viable that company must show service tax separately so that client can claim same for credit.
Please Guide me on following,
under GTA mechanism If a company pays freight than company is liable to pay service tax under RCM. Now if company recovers the amount inclusive of service tax from client without showing service tax separately, than
1.Can still company claim the credit
2.Is it viable that company must show service tax separately so that client can claim same for credit.
14 August 2014
Recipient of service are liable to pay service tax and after payment of service tax they can avail the cenvat credit.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2014
Dear Arun sir
Thank you very much for your prompt response but can you please elaborate the same.
Thanking you in advance.
Thank you very much for your prompt response but can you please elaborate the same.
Thanking you in advance.
16 August 2014
if you charge the service tax then you have to deposit the same with service tax deptt.
and buyer can take credit on service tax after the payment .
and buyer can take credit on service tax after the payment .
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