Reverse charge
This query is : Resolved
05 March 2013
One X ltd. providing services under Rent A cab operator & they are not charging Service tax in invoice, In their invoices they stated that service tax should be paid by service reciepient & they also stated that they are availing 60% abatement & do not avail cenvat credit
now in that case Y ltd who received services paid Service tax under reverse charge mechanism @ 40%(12.36) now in next month can Y ltd. avail input credit?
now in that case Y ltd who received services paid Service tax under reverse charge mechanism @ 40%(12.36) now in next month can Y ltd. avail input credit?
Madhukar N Hiregange
(Expert)
05 March 2013
There is a restriction on credit and only if eligible can one avail the credit.
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