Dear Sir,
Our company is paid Service Tax (Aug-15) Amount Rs.14,000/- by Reverse Charge Mechanisam (As Service Receiver = Legal Service Rs.4,000 + Security Service Rs.10,000)
1) Sep-15th Liability is Service Bill Tax Amt Rs.20,000 + RCM (Legal Service Payment) Rs.4,000 + RCM (Security Service Payment) Rs.2,000 = Total Liability Rs.26,000
2) Can we take cenvat input from Aug-15 RCM Paid for Sep-15th Service Tax Liability ..?
(26,000 Less: 14,000 Less: Service Tax Input (Mobile Bills Payment) Rs.1,000 = Net to be paid Rs. 11,000)
3) We are already paid Service Tax RCM Amount Rs.40,000/- for 2014-15th Labour Contract Payment on 20.10.2015. Can we adjust this amount to the above Liability....?
Please clarify me..
Thanking You,
Regards,
M.Shanmugasundaram
CAclubindia
