Input credit under vces scheme
This query is : Resolved
25 December 2013
Dear sir,
i have paid tax on output services but i have not paid input tax on imported services under reverse mechanism (input service is liable to input credit )
1) should i need to pay service tax under reverse mechanism VCES Scheme ?
if yes
then how to claim input or refund ?
i have paid tax on output services but i have not paid input tax on imported services under reverse mechanism (input service is liable to input credit )
1) should i need to pay service tax under reverse mechanism VCES Scheme ?
if yes
then how to claim input or refund ?
25 December 2013
Amount paid under vces scheme is not refundable but u can take set-of as cenvat in future tax liability if there is nexus in input and output service
Amount paid under vces scheme is not refundable but u can take set-of as cenvat in future tax liability if there is nexus in input and output service
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
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Can partnership firm show income under 44ad
- Regarding ITR filing with more value than showing in AIS/TIS
- 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
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
