Service tax as per reverse charge mehcanism
This query is : Resolved
19 August 2013
Dear All,
We are software company, who purchase software from outside India (by online download only). I want to know, what is exact date from which reverse charge mechanism is applicable. As we know same is applicable on invoices raised on or after 01-07-2012 ONLY.
Can you please confirm. Our online import has started before 01-07-2012 so do we need to pay tax for earlier period or not. Any concern notification or case history is appreciated.
thank you
patil vaibhav
We are software company, who purchase software from outside India (by online download only). I want to know, what is exact date from which reverse charge mechanism is applicable. As we know same is applicable on invoices raised on or after 01-07-2012 ONLY.
Can you please confirm. Our online import has started before 01-07-2012 so do we need to pay tax for earlier period or not. Any concern notification or case history is appreciated.
thank you
patil vaibhav
19 August 2013
Reverse charge is applicable from 2006. From 1.7.12 the joint charge mechanism was introduced and since the confusion maybe prevailing.
Prior to 1.7.12 there was a view that the liability for discharge could be done by utilising the credit available supported by a decision of the Karnataka HC in Arvind Fashions.
Now the provisions have clearly provided that the same cannot be paid in cash.
Prior to 1.7.12 there was a view that the liability for discharge could be done by utilising the credit available supported by a decision of the Karnataka HC in Arvind Fashions.
Now the provisions have clearly provided that the same cannot be paid in cash.
Message likes :
1 times
20 August 2013
Dear Sir,
Thank you for your revert. I would like to request you to elaborate bit more for my understanding.
From above one thing is clear that ST as per RM is applicable from 2006.
To be more clear after that as per your revert, we HAVE TO PAY service tax as per reverse mechanism on import invoices & we can't take any other available CENVAT credit against this?
Thank you for your revert. I would like to request you to elaborate bit more for my understanding.
From above one thing is clear that ST as per RM is applicable from 2006.
To be more clear after that as per your revert, we HAVE TO PAY service tax as per reverse mechanism on import invoices & we can't take any other available CENVAT credit against this?
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
