I am working with manufacturing concern. It is paying KKC mainly on reverse charge. And paying KKC as output service provider as renting of immovable property. Now, I am having confusion on whether we should expense of KKC paid on GTA and other on reverse charge or classify as an asset?
In case of renting of immovable property , in spite there is no direct co usage of GTA service, can we claim credit for the payment of KKC?
In a case, we classify KKC as expense as of now, and in future if with notification/amendment credit set off of KKC against other service tax, will we able to claim credit based on invoice/bills/challans as the document proof of payment?
06 June 2016
Expense the KKC paid on GTA as GTA service not used for renting of [property. Set off on KKC can be claimed on further amendment based on invoice.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
09 June 2016
Is there any direct co relation of utilisation of credit and usage of input service in direct output service is required??! I think not, and If GTA fall in Input credit definition , it can be utilised as credit against output service of KKC.