Reverse charge st can be claimed as expense?

Scavanger007 (student) (73 Points)

13 August 2014  

Hello Friends,

I have the following query regarding ST paid by Service Receiver under Reverse Charge Mechanism.

If the Service Receiver shows his ST on output service and ST on inputs in P&L A/c, then can he also show the ST paid on Reverse Charge Mechanism in P&L A/c?

Eg: Output Service    10000 ,  ST & Cess on Output Service 1236 <--- both these ledgers are part of P&L A/c
      Input Service        1000     , ST & Cess on Input Service    30.9 (25%) <--- both these ledgers are part of P&L         ST on above input service under RCM  92.7 (75%) <--- can i claim this as expense for IT purpose and general purpose, because if there was no RCM then I could have claimed the entire ST as expense. 

Please Guide.