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.
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