Vikasacc ( jOB/Practice) (59 Points)
18 February 2011Dear Sir,
My client registered with Service tax department for IPR SERVICE As a Service receiver
He was paid Rs.90000/- in 2005-2006 for foreign Technology Purchased
can My client take credit the same amount which he paid through TR-6 CHALLAN Rs.90000/- ?
pLEASE SEND ME REPLY AT vikas_244 @ yahoo.co.in
thanks
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 18 February 2011
Yes. Tax paying chalan is a valid document for cenvat cerdit in relation to import of service. I hope the correct for of chalan is GAR-7.
Vikasacc
( jOB/Practice)
(59 Points)
Replied 19 February 2011
| Originally posted by : Unnikrishnan Nair N | ||
 |
Yes. Tax paying chalan is a valid document for cenvat cerdit in relation to import of service. I hope the correct for of chalan is GAR-7. |
 |
Thanks for reply
But My question is Service Tax paid for IPR Service Tax Liability is eligible for Cenvat Credit
Thanks
soni chauhan
(Service)
(670 Points)
Replied 19 February 2011
"The Cenvat Credit Rules define ‘input services’ as services used, directly or indirectly, in relation to the manufacture of excisable goods. The definition includes other services such as those used in relation to setting up, modernisation and renovation of a factory, advertisement, sales promotion and market research. "
SO , u can avail cenvat credit of service tax paid on IPR Services.
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 19 February 2011
Yes. Service tax paid under reverse taxing for import of foreign technology service is a valid cenvat credit . Becase you have used that service for providing your output service namely IPR service.
santosh
(audit assistent)
(41 Points)
Replied 20 February 2011
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 21 February 2011
Cenvat credit in respect of input service can be taken by a manufacturer of excisable goods or provider of taxable service. For details of the scheme, pl. refer to Cenvat Credit rules ,2004.
Vikasacc
( jOB/Practice)
(59 Points)
Replied 22 February 2011
| Originally posted by : Unnikrishnan Nair N | ||
|
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Cenvat credit in respect of input service can be taken by a manufacturer of excisable goods or provider of taxable service. For details of the scheme, pl. refer to Cenvat Credit rules ,2004. |
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Dear Sir,
I highly appriciated your Input
can you give me any case law/judgment in this regard?
Thanks
CAclubindia
