Reverse charge mechanism
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 July 2016
Dear Sir/Madam,
Our company (software company) hired a Cab for Transportation of employees. Cab service provider (Partnership firm) charging Service tax @ 5.8% On Invoice value (Abated Value) can i take input credit of that service tax if yes please provide the Accounting entry.
Inv Value = 27000
Service Tax @ 5.8%=1566
Total = 28566
Thanks in Advance.
Our company (software company) hired a Cab for Transportation of employees. Cab service provider (Partnership firm) charging Service tax @ 5.8% On Invoice value (Abated Value) can i take input credit of that service tax if yes please provide the Accounting entry.
Inv Value = 27000
Service Tax @ 5.8%=1566
Total = 28566
Thanks in Advance.
25 July 2016
Cenvat credit against the same is not available to you. It is available only to those who is in same line of business & avails such input services to provide similar / taxable output service.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 July 2016
Really very thank you Sir,
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