Account code for payment of reverse charge
This query is : Resolved
26 December 2013
Hi,
Kindly provide me the following information:
If the assessee is registered under the service of "erection and commissioning services" and he is paying service tax under reverse charge for avialing transportation service from GTA or security services, then is he suppose to pay the service tax under account code of transportation service/security service, or he can simply pay service tax in "erection and commissioning services".
Thanks in advance.....
Kindly provide me the following information:
If the assessee is registered under the service of "erection and commissioning services" and he is paying service tax under reverse charge for avialing transportation service from GTA or security services, then is he suppose to pay the service tax under account code of transportation service/security service, or he can simply pay service tax in "erection and commissioning services".
Thanks in advance.....
27 December 2013
you need to amend your ST-2 and include GTA in it.
27 December 2013
Sir,
We are providing only erection & commissioning services to clients, to provide this service we are require to take many other input services which attract reverse charge mechanism, for which we had to pay service tax. we don't want to provide other services like GTA, then why we should amend our our registration.....
Moreover we want to take ITC on reverse charge payment to set off the liability in providing erection & commissioning services.
We are providing only erection & commissioning services to clients, to provide this service we are require to take many other input services which attract reverse charge mechanism, for which we had to pay service tax. we don't want to provide other services like GTA, then why we should amend our our registration.....
Moreover we want to take ITC on reverse charge payment to set off the liability in providing erection & commissioning services.
27 December 2013
Dear sir,
You are confusing yourself. Your liability under RCM are separate and have no relation to what services you are providing.
You need to register for the services received under RCM and accordingly amend ST-2 for the same.
You may refer to the following articles/discussions to have a much more clear of how RCM shall work:
https://www.caclubindia.com/articles/service-tax-reverse-charge-18466.asp#.Ur04IPs5-n4
https://www.caclubindia.com/articles/reverse-charge-mechanism-in-service-tax-an-overview-15865.asp#.Ur04Kvs5-n4
https://www.caclubindia.com/articles/understanding-reverse-charge-mechanism-in-service-tax-17538.asp#.Ur04L_s5-n4
You are confusing yourself. Your liability under RCM are separate and have no relation to what services you are providing.
You need to register for the services received under RCM and accordingly amend ST-2 for the same.
You may refer to the following articles/discussions to have a much more clear of how RCM shall work:
https://www.caclubindia.com/articles/service-tax-reverse-charge-18466.asp#.Ur04IPs5-n4
https://www.caclubindia.com/articles/reverse-charge-mechanism-in-service-tax-an-overview-15865.asp#.Ur04Kvs5-n4
https://www.caclubindia.com/articles/understanding-reverse-charge-mechanism-in-service-tax-17538.asp#.Ur04L_s5-n4
31 December 2013
Thanks Sir,
It is relay a valuable information which will make concept more clear.... Hope in future I will get same support from you....
It is relay a valuable information which will make concept more clear.... Hope in future I will get same support from you....
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