Procedure for making payment under reverse charge mechanism
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2013
what is the procedure to make payment under Reverse Charge mechanism?. is it the same way to make payment under gar-7?
20 September 2013
It is same as payment of service tax as service provider
Message likes :
1 times
21 September 2013
Yes, it is the same method. The following additional points are to be observed.
1) Use separate challan for individual reverse charge services
2) For reverse charge, input cannot be availed.
3)After Reverse charge payment, it can be adjusted against your output tax due. The same challan is the document to be treated as cenvat document.
1) Use separate challan for individual reverse charge services
2) For reverse charge, input cannot be availed.
3)After Reverse charge payment, it can be adjusted against your output tax due. The same challan is the document to be treated as cenvat document.
Message likes :
2 times
21 September 2013
Very well explained Mr. Rengaraj
22 September 2013
Thanks Suresh Jain Ji.
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