reverse charge on service tax
This query is : Resolved
26 October 2012
W.E.F 06-08-2012. service tax on directors sitting fees is taxable under reverse charge mechanism.
my question is 1. whether directors(independent) are required to issue invoice?
2.If there provide invoice , is it possible can we take cenvat credit based on above?.
3. suppose If there not provide invoice,can we take cenvat credit?
4. Normal TDS on professional charges will be levy both on service charges & service tax. what will be in the case of reverse charge?
my question is 1. whether directors(independent) are required to issue invoice?
2.If there provide invoice , is it possible can we take cenvat credit based on above?.
3. suppose If there not provide invoice,can we take cenvat credit?
4. Normal TDS on professional charges will be levy both on service charges & service tax. what will be in the case of reverse charge?
26 October 2012
Hi
Pl refer FAQ :
https://taxguru.in/service-tax/faq-service-directors-company.html
Rgds//Vaibhav
Use thank button to convey your appreciation.
Pl refer FAQ :
https://taxguru.in/service-tax/faq-service-directors-company.html
Rgds//Vaibhav
Use thank button to convey your appreciation.
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