Set off of output tax in offshore services with input tax
Sunil Kumar Pattnaik (Mgr. Finance) (42 Points)
27 October 2008Sunil Kumar Pattnaik (Mgr. Finance) (42 Points)
27 October 2008
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 28 October 2008
Dear Sir,
The reciver of service who is made liable for the payment of service tax is not eligible for the credit set off. However if he/she also provides taxable services /pays excise duty then he is eligible to take the credit of the same which canbe utlised and if exports exist ( as in your case possible) then the refund of the same can be claimed.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)