Service tax input credit

This query is : Resolved 

10 July 2015 Dear Friends,
I need your help to resolve the following queries:

1. A is a service provider it has paid service tax under reverse charge for car rental services @ 40%. Can A avail input credit of the service tax paid under RCM or it can avail cenvat credit after payment of RCM.

2.A is providing services to its clients. the contract with its client provides that the A will provide certain services for which all the expenses incurred by A will be reimbursed by ots client. APart from this, A will get certain % towards its professional services. As far as professional services is concerned srvice tax is payable as usual. But is A liable to pay service tax on reimbursement part in view of amendment in sec.67 by finance act 2015.

Please let me have your views on above queries.


Regards

P.C. Joshi

10 July 2015 1 Input credit(cenvat) can be availed after payment of service tax under RCM.
2 Service tax applicable on reimbursements.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries