Service tax credit on payroll processing fees
This query is : Open
17 May 2011
We have outsourced our payroll process. The payroll processing agency has been registered as Management Consultants. Will we be able to avail credit of service tax charged by it in light of amended definition of input services? Does this get into category B of input service definition?
17 May 2011
Appropriate classification of the subject service appears to be " Business Support Service" in the light of recent amendment of the definition. Since accounting is one of the specified services that qualifies as input service, there is no reason to deny payroll processing which can be said to be incidental accounting function.
17 May 2011
Thanks a lot. Should we advise them to get their service tax registration amended? What risk does the service receiver bears if service provider is holding his registration under wrong category of taxable service?
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- 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
Trending Online Classes
CAclubindia
