ashok kabdal (article) (107 Points)
17 January 2016
CA SHRAVANA DOTA
(ACA)
(125 Points)
Replied 17 January 2016
Small Service Provider (SSP) exemption of Rs. 10 Lakh is not available for a person liable to pay Service tax under Reverse Charge Mechanism. (Refer Notification 33/2012-ST dated 20.06.2012)
Please note that Service tax under RCM should be paid in Cash, i.e., without utilising CENVAT Credit. (Refer CENVAT Credit Rules, 2004)
However, Service receiver paying Service tax under RCM can avail CENVAT Credit for any Output Service, subject to CCR, 2004, on the basis of Challan evidencing payment of Service Tax.
mohd hafeez
(CA FINAL STUDENT)
(88 Points)
Replied 17 January 2016
mohd hafeez
(CA FINAL STUDENT)
(88 Points)
Replied 17 January 2016
CAclubindia
