Payment of serv tax on import of services
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 November 2011
whther service tax on import services needs to be paid thru cash or service tax credit can be utilsed for paymnet of service tax on import services
23 November 2011
As per Section 66A
in case of import of taxable service, such taxable service shall be treated as if the recipient had himself provided the service in India, and accordingly all the provisions of this Chapter shall apply.
As per rule 3 (4) of CENVAT CREDIT RULES, 2004
The CENVAT credit may be utilized for payment of, inter alia,
service tax on any output service. And there is no restriction in above rules regarding CENVAT credit shall not be utilised against service tax payable on import of service.
Therefore on the basis of above provision u can make payment through utilisation of CENVAT credit.
If u r satisfied by my reply then say thanks by clicking on "THANK USER".
in case of import of taxable service, such taxable service shall be treated as if the recipient had himself provided the service in India, and accordingly all the provisions of this Chapter shall apply.
As per rule 3 (4) of CENVAT CREDIT RULES, 2004
The CENVAT credit may be utilized for payment of, inter alia,
service tax on any output service. And there is no restriction in above rules regarding CENVAT credit shall not be utilised against service tax payable on import of service.
Therefore on the basis of above provision u can make payment through utilisation of CENVAT credit.
If u r satisfied by my reply then say thanks by clicking on "THANK USER".
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