Compliance by service receiver
This query is : Resolved
31 December 2015
HI,
Here is the doubt of my client regarding service tax rate. My client receive bill issued by party on 8.6.2015 by charging @12.36% , where already levy of 14% has been applied. My client though aware about the same, not corrected invoice and taken credit of service tax @12.36% instead of 14%. so what will the right scenario kindlly let me know......its an urgent!!
Here is the doubt of my client regarding service tax rate. My client receive bill issued by party on 8.6.2015 by charging @12.36% , where already levy of 14% has been applied. My client though aware about the same, not corrected invoice and taken credit of service tax @12.36% instead of 14%. so what will the right scenario kindlly let me know......its an urgent!!
CA R SEETHARAMAN
(Expert)
02 January 2016
Cenvat credit can be taken only to the extent of service tax paid.
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