Reverse charge mechanism
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 October 2012
Folks,
Pl. update,
can we take INPUT credit on the service tax, for the transactions under reverse charge mechanism.
eg. MRA service 75% of receiver and 25% by provider (from Non corporate to Corporate)
Now the question is,
can the service receiver take the credit of 25% collected by the service Provider.
Pl. update
Pl. update,
can we take INPUT credit on the service tax, for the transactions under reverse charge mechanism.
eg. MRA service 75% of receiver and 25% by provider (from Non corporate to Corporate)
Now the question is,
can the service receiver take the credit of 25% collected by the service Provider.
Pl. update
11 October 2012
Yes Cenvat Credit can be taken in respect of service tax paid on the input / input services under reverse charge mechanism in accordance to the Cenvat Credit Rules.
Yes credit can also be taken in respect of pro rata service tax to service provider towrads input / input services subject to satisfying requirement of Cenvat Credit Rules.
Hope this will settle the issue.
Yes credit can also be taken in respect of pro rata service tax to service provider towrads input / input services subject to satisfying requirement of Cenvat Credit Rules.
Hope this will settle the issue.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- Annual return in Gst
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
