Reverse charge
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2014
This clarification is regarding whether we can take credit for service tax paid under reverse charge mechanism in the subsequent month?
CA Parul Saxena
(Expert)
27 October 2014
yes you can take credit of service tax paid under reverse charge as it is equivalent to your input service tax
Ganeshbabu K
(Expert)
27 October 2014
Yes as and when you made payment of service tax under reversecharge mechanism
.
.
amount paid may be taken as input if it is eligible service on basis of GAR7
.
.
credit taken(gar 7 date) should not be more than 6 months
.
.
amount paid may be taken as input if it is eligible service on basis of GAR7
.
.
credit taken(gar 7 date) should not be more than 6 months
29 October 2014
Yes; credit admissible in the basis of challan
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