Service tax credit on payment made under reversal charge
This query is : Resolved
15 December 2008
Person receiving service from abrod have to service tax under reversal charge if my company receiving the varries service from abrod under which category i have to regiter
2)can i take credit of service tax paid under reversal charge
2)can i take credit of service tax paid under reversal charge
19 December 2008
The Import of services are made liable to service tax in the hands of service receiver subject to fulfillment of certain conditions. Depending upon the type of services received, the importer of service has to register with the department. The tax paid on import services can be adjusted as CENVAT Credit against the service tax payable , if such services are used for manufacturing or providing the output services. Therefore your company can take credit of service tax paid under reversal charged.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Rental income of jointly held property
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
