Matter relating to vces

This query is : Resolved

Praveen.P (Querist)
Follow

12 August 2013 I am assessee under under service tax as work contract service provider.I started my business in 2009 but I failed to take registration .I take registration on 09/08/2013.Till now I did not collect any amount as service tax from service receiver.Now i wish to declare my liability under VCES scheme.My question is whether I can raise a supplementary invoice and collect service tax from the service receiver relating to period prior to taking registeration.If so whether service receiver can take CENVAT credit of the amount collected by me

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
Follow

12 August 2013 In normal course when one pays tax the credit for the same would be available. However as far as the customer is concerned if tax has been paid under fraud, suppression of fact etc then the credit cannot be availed.

As long as you had no malafide or intent to evade duty and that is made clear in the covering letter to VCES 1 [ reasons why you did not pay maybe adverted to] Also that you would be raising supplementary invoices on the receivers and seek to collect maybe mentioned.
In such cases of bona fide error, the service receiver would be eligible to avail the credit. SC case of Formica India would come to your rescue.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

kopparapu bheemarao

Rajesh Surapaneni

sweta sharma

T Ramachandran

Pratap Kumar De

Subscribe Now

Matter relating to vces

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Article Assistant

Accountant

GST CONSULTANT

CA Final