Hi Plz any one help me urgnetly. We are a indian company and have taken legal consultancy services from US based company. In this case are we liable to pay service tax on under RCM. Is there any possibilities of Avoidance of the same liability.
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Service tax in case of import of service
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Dear Karthik Jain
ST needs to be paid under RCM. It can be availed as CENVAT input credit if other conditions are satisfied. Hence it is a revenue neutral transaction for your company
Hope it is clear
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