Credit of service tax paid under rcm (import of service)
This query is : Resolved
11 December 2012
Dear Friends,
Can we take a credit of Service Tax Paid under reverse charge (Import of services) to pay Excise/Service Tax Liability?
What is the due date for payment of Service Tax on Import of service i.e.whether its a date of invoice booking or date of party payment or 5th following month of Invoice Booking Month?
Can we take a credit of Service Tax Paid under reverse charge (Import of services) to pay Excise/Service Tax Liability?
What is the due date for payment of Service Tax on Import of service i.e.whether its a date of invoice booking or date of party payment or 5th following month of Invoice Booking Month?
12 December 2012
Under RCM, it is the payment date which needs to be consider. Hence 5th of the next month/quarter as applicable
12 December 2012
Dear Vipul,
Is there any time limit of 6 month?
Is there any time limit of 6 month?
13 December 2012
Dear Dasharath,
under RCM (Import of servies) service tax payments needs to be made at the time of making payment to import party, However as per point of taxation rule (POT), this import payment needs to be done with in 6 moths, if that is not happened then POT will be date of invoice and not date of payment. Which will lead to additional burden of payment of interest
under RCM (Import of servies) service tax payments needs to be made at the time of making payment to import party, However as per point of taxation rule (POT), this import payment needs to be done with in 6 moths, if that is not happened then POT will be date of invoice and not date of payment. Which will lead to additional burden of payment of interest
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- FEMA regulation Act. for inward remitance
- Accounting with Claude
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
