Regarding input of service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 December 2013
we as a company are paying service tax on transportation of goods and supply of manpower under reverse charge mechanism.so I want to know that can we claim credit of service tax paid on telephone charges and testing charges etc as iput against our above mentioned liability.
24 December 2013
Against reverse charge mechanism you cannot take such credit.
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 December 2013
hi..tushar
can you please upload any supporting or link to justify your answer
can you please upload any supporting or link to justify your answer
02 January 2014
1. CENVAT credit can be utilised to discharge service tax liability on OUTPUT service.
2. Services covered under reverse charge have been specifically EXCLUDED from the definition of output service.
Accordingly, you CANNOT utilize CENVAT credit to discharge service tax liability under reverse charge mechanism.
Such liability has to be discharged only by cash payment.
2. Services covered under reverse charge have been specifically EXCLUDED from the definition of output service.
Accordingly, you CANNOT utilize CENVAT credit to discharge service tax liability under reverse charge mechanism.
Such liability has to be discharged only by cash payment.
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
- Nursery business
- Tax on Amount transferred in HUF Account
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- ETDS return q4 25-26
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
