Reverse charge mechanism
This query is : Resolved
13 January 2015
Respected sir/madam,
my client(company) is paying service tax under reverse charge scheme on transportation of passengers and transportation of goods by road whether my client is eligible to take input service tax credit.
my client(company) is paying service tax under reverse charge scheme on transportation of passengers and transportation of goods by road whether my client is eligible to take input service tax credit.
CA Ankit Agarwal
(Expert)
13 January 2015
No input service tax credit is allowed under reverese charge mechanism since no credit of taxes paid is given to the service receiver.
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