Service tax credit availment
This query is : Resolved
trinath evvala
(Querist)
15 December 2016
Dear sir
I have a doubt regarding service tax Credit .As i know that ,If service Tax not mentioned separately in the Invoice/Bill is Ineligible for service Tax credit .Now i faced a situation that,it is a man power service in which Reverse charge is applicable service Receiver is paying the 100% service Tax as service provider is proprietor. On that Invoice/Bill Service Provider is not mentioned the Service Tax amount .Service Receiver only calculate the Service Tax and paying the same.
.Whether the Service Receiver eligible for service Tax Credit on the whole amount service Tax payment ??
I have a doubt regarding service tax Credit .As i know that ,If service Tax not mentioned separately in the Invoice/Bill is Ineligible for service Tax credit .Now i faced a situation that,it is a man power service in which Reverse charge is applicable service Receiver is paying the 100% service Tax as service provider is proprietor. On that Invoice/Bill Service Provider is not mentioned the Service Tax amount .Service Receiver only calculate the Service Tax and paying the same.
.Whether the Service Receiver eligible for service Tax Credit on the whole amount service Tax payment ??
CA Deepanshu Sharma
(Expert)
15 December 2016
In case of Reverse Charge, Service tax shall be required to be paid by service receiver in cash (not by utilizing CENVAT credit) and then service receiver shall be eligible to take CENVAT credit of the service tax paid under reverse charge.
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trinath evvala
(Querist)
16 December 2016
Dear sir
On that Invoice /Bill service provider is not mentioning the Service Tax amount .Than also service Receiver is eligible for Service Tax Credit
On that Invoice /Bill service provider is not mentioning the Service Tax amount .Than also service Receiver is eligible for Service Tax Credit
CA Deepanshu Sharma
(Expert)
16 December 2016
Credit shall be allowed after service tax is paid on the basis of Challan. Nexus between the invoice & Challan must be established.
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