Sanjeev (Auditor) (153 Points)
16 January 2016Hi,
If any service provider does not give the break up of Service Tax to be collected rather giving an amount under 'Service Tax' Only, can Service receiver avail cenvat credit in this regard??
For Example,
Amount of Service is - 100
Rate of Service Tax - 14.5%
In bill, only Rs. 14.5 is shown under Service Tax.
Can Cenvat credit be availed by Service Receiver in this case.
Thanks
Deepak T Shetty
(Chartered Accountant)
(121 Points)
Replied 16 January 2016
Yes, you can ! But only to the extent of 14%. 0.5% you should expense it off.
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 16 January 2016
Hello,
Yes credit of SBC(.50%) cannot be availed.
Sanjeev
(Auditor)
(153 Points)
Replied 18 January 2016
Hi,
Thanks for your reply.
1 more situation......If service provider raise the bill stating the bill amount (inclusive of Service Tax), what would happen: -
: - How can we take cenvat credit as we dont know amount of Service Tax,
: - Whether in this case, we are sustaining some loss,
: - Any other situation
Thanks
Excel Mastery Program
CAclubindia
