Reversal of service tax credit
This query is : Resolved
18 June 2009
Service tax on property given for rent is req. to be reversed or not , plz give details or site for this details.
thanking u sir in anticipation
thanking u sir in anticipation
Madhukar N Hiregange
(Expert)
18 June 2009
If you have paid the servic etax on rental and aviled the credit for your manufacture/ service provision there is no need today to reverse the same.
Even if it is held that the ST on IP is ultravires the law then also there wouldbe no need to reverse the credit availed as at that time there was no such decision. After the date of decision that wouldbe the law., As on today the matter is before the SC.
Even if it is held that the ST on IP is ultravires the law then also there wouldbe no need to reverse the credit availed as at that time there was no such decision. After the date of decision that wouldbe the law., As on today the matter is before the SC.
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