gupta (Accountant) (305 Points)
06 February 2016Dear All
We are receiving bill from Security Service Agency without Service Tax and we are depositing the ST amount to the dept and taking credit the same under RCM. Now my question is will we deposit 0.50% SBC cess under RCM ? If yes then can we take credit back the SBC amount under RCM?.
Your early reply awaited.
Regards
Jayanta
AMBUJ SHARMA
(CHARTERED ACCOUNTANT)
(243 Points)
Replied 06 February 2016
SBC is applicable of RCM but you can not claim Input of same.
AmolM
(Audit Assisstant)
(55 Points)
Replied 08 February 2016
Visit this link for FAQ's on SBC!
www.cbec.gov.in/htdocs-cbec/press-release/faq-sbc.pdf
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 08 February 2016
SBC is not integrated in the Cenvat Credit Chain. Therefore, credit of SBC cannot be availed. Further, SBC cannot be paid by utilizing credit of any other duty or tax.
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