Hi Friends,
For one of our client there is service tax liability for software download. My query is can the same be adjusted against input tax credit?
Regards,
Swathi
Swathi hebbar (CA Final) (257 Points)
22 October 2013Hi Friends,
For one of our client there is service tax liability for software download. My query is can the same be adjusted against input tax credit?
Regards,
Swathi
Sourabh Jain
(Credit Manager)
(62 Points)
Replied 19 November 2013
CA. Narottam Kumar Rawat
(Indirect Tax Consultant)
(394 Points)
Replied 19 November 2013
Dear Swathi,
Facts are not much clear. But it seems import of services, and recipient is liable to pay service tax under Reverse Charge Mechnism.
In case of Reverse Charge Mechnism, adjustment with CENVAT Credit is not possible.
CAclubindia
