Import of service
This query is : Resolved
26 March 2012
Dear All,
Can we use cenvat credit to pay service tax liability from import of service?
What is the current rule under cenvat credit.
Can we use cenvat credit to pay service tax liability from import of service?
What is the current rule under cenvat credit.
26 March 2012
No, cenvat credit cannot be utilised for the purpose of discharge of service tax liability under reverse charge mechanism. It has to be discharged by payment of service tax liability in cash only.
26 March 2012
Dear Kartik,
I am totally agree with the Comment of Mr Pankaj but i want add something in that so that u feel less pinch
Whatver cash u pay is available for Cenvat Credit in next month / quarter as the case may be
I am totally agree with the Comment of Mr Pankaj but i want add something in that so that u feel less pinch
Whatver cash u pay is available for Cenvat Credit in next month / quarter as the case may be
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- Reporting Income under Section 44ADA
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
