19 February 2016
Dear Experts
I am working in Transport company. My query is we have given our vehicle on hiring and we raised a bill to party for Rs. 79800/ including service tax( 70000�12.36=79800/-) and we have paid service tax on same bill but we have received only 70000 from party. When I asked to party about short payment then they told me we have deduct tds 1400 and Diesel 8400/- . So can I take service tax credit on 8400/- or take as a expense
21 February 2016
If your company is a limited company then you need to pay service tax otherwise service recipient are liabile to pay service tax under reverse charge mechanism.
CAclubindia
