jinal mehta (Asso accounts manager) (212 Points)
13 April 2016
Shubham Gupta
(Business Consultants)
(2077 Points)
Replied 13 April 2016
please elaborate the kind of services given/availed.
Nitin jatav
(Artical Assistant)
(51 Points)
Replied 14 April 2016
Dear professionals,
we are a menufacturing company and we have been deposited Service Tax on Freight under Reverse Charge Machenism, now my queries are:
1. whether Service Tax Return will be filed "NILL" or not ?
2.Can we avail Cenvat Credit of Service Tax paid under reverse Charge Machenism against Excise Duty ?
3.How should we show Service Tax Challan under Reverse Charge Machenism in Service Tax Return ?
Shubham Gupta
(Business Consultants)
(2077 Points)
Replied 14 April 2016
hello Nitin ,
you will have to file return , showing the value of services utilized and service tax on those services under reverse charge.
Yes credit for reverse charge can be utilized as Cenvat credit for exise duty.
When you will file data for return in Excel utility , you have to enter challan amt.date ,BSR code .
challan are not differently coded for service tax or for reverse charge.
jinal mehta
(Asso accounts manager)
(212 Points)
Replied 14 April 2016
Hello,
We have given software consultancy service given and taken rent a cab service once so it will come under particial reverse charge.
Nitin jatav
(Artical Assistant)
(51 Points)
Replied 15 April 2016
Dear Shubham ,
Thanks for your helping reply.
jinal mehta
(Asso accounts manager)
(212 Points)
Replied 18 April 2016
In first service that is software consultacy service, we have made 90% export, then in service tax return is there anything need to be shown in exemption, yes or no??
if yes then which notification no and serial no.
please suggest
Shubham Gupta
(Business Consultants)
(2077 Points)
Replied 18 April 2016
Where any taxable service is exported, Rebate can be claimed as per Notification no 39/2012 of service tax or duty paid on input services or inputs.
some procedures arte also mentioned that need to be satisfied for exemption in case of export of services.
jinal mehta
(Asso accounts manager)
(212 Points)
Replied 18 April 2016
I am currently not claiming any rebate but from this year onwards i will claim, as of now by taking input of local services availed output tax is paid for the company.
But from next year onwards i will not claim any amount as input and will pay ST directly to department and claim refund of service tax.
Please also let me know about procedural part and what things needs to be maintain in the beginning itself to avoid anything in future.
Many Thanks
CAclubindia
