Cenvat credit in legal service
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2015
In legal case service provider is individual / firm of advocate & service receiver is ltd / pvt ltd company so in that case service receiver is paying 100% liability on that service.
So my question is that can service receiver take the benefit of cenvat credit or not ?
& plz provide notification no
In legal case service provider is individual / firm of advocate & service receiver is ltd / pvt ltd company so in that case service receiver is paying 100% liability on that service.
So my question is that can service receiver take the benefit of cenvat credit or not ?
& plz provide notification no
CA R SEETHARAMAN
(Expert)
31 May 2015
If business entity pays service tax under reverse charge, it can take cenvat credit for it and utilize it for payment of service tax and excise. Legal service is input service as per definition (rule 2(1) of cenvat credit rules, 2004).
CA AnKiT BoHrA (AB)
(Expert)
31 May 2015
Yes it is input..You can take credit
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