Input on service tax reverse charge categories
This query is : Resolved
16 May 2013
Hi,
Please, help understand if the service tax input can be availed on the Service tax reverse charge payments, and for which all categories of services can inputs be availed.
Venkatesh
Please, help understand if the service tax input can be availed on the Service tax reverse charge payments, and for which all categories of services can inputs be availed.
Venkatesh
16 May 2013
cenvat credit can't be used for payment of service tax on reverse charge basis. In short it should be paid in cash.
18 May 2013
Thanks,
Now in continuation for housekeeping charges the service receiver has to pay 75% as service tax reverse charge and is a liability whereas where should the debit be given in this case, should it be directly debited to Housekeeping charges and expensed off or should it be debited to a different ledger and the inputs (if debited to Defferred service tax input) availed in the next month of paying the service tax reverse charge amount.
Now in continuation for housekeeping charges the service receiver has to pay 75% as service tax reverse charge and is a liability whereas where should the debit be given in this case, should it be directly debited to Housekeeping charges and expensed off or should it be debited to a different ledger and the inputs (if debited to Defferred service tax input) availed in the next month of paying the service tax reverse charge amount.
18 May 2013
you can debit to differed service tax input and utilize it to pay service tax which you have to pay as a service provider. In short you can't utilize it to pay service tax on reverse charge basis because you have to pay it in cash.
CMA Ramesh Krishnan
(Expert)
04 July 2013
Yes. service tax paid under reverse charge method can be taken as input. but cannot use for paying for st payable under RCM
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