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
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST Rate for Catering Services
- ITDS U/S.194T of Firm
- TDS AND ITR ISSUE
- LIC maturity claim whether taxable
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
