Service tax input credit utilization.
Vipin Sanger (Accounting and Tax Professional) (699 Points)
07 April 2017Vipin Sanger (Accounting and Tax Professional) (699 Points)
07 April 2017
CA Tanvi Sheth
(Consultant)
(232 Points)
Replied 07 April 2017
No, Service tax under Reverse Charge Mechanism has to be paid and cannot be adjusted by any input credit.
Once you pay the amount, that itself will act as Input Tax credit in some cases.