Cenvat credit on reverse charge of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 April 2014
A company received Service tax on Sale of Residential Flat.They also receive work contract service by civil contractor & electrical contractor. They also paid service tax to the contractor & paid to department on reverse charge.Can they avail credit the paid service tax to contractor & on reverse charge. If company received Rs. 50000/- as service tax for sale of flat and paid service tax rs. 10000/- on work contract service to Contractor & Rs. 10000/- to department on reverse charges. How much they depoit the service tax of Rs. 50000/-. Please clear my doubt.
22 April 2014
Rs. 40,000
This benefit will be available only in case where the Service Receiver also provides service same as of Service Provider provides him , which he received as input services.
Thx.
This benefit will be available only in case where the Service Receiver also provides service same as of Service Provider provides him , which he received as input services.
Thx.
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