Service tax input
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2014
DEAR SIR/MADAM,
ONE OF MY CLIENT IS RECEIVING AND PAYING SERVICE TAX IN THE HEAD OF RENTING OF IMMOVABLE PROPERTY,
AND HE GOT ONE SERVICE TAX INVOICE FOR COMMISSION CHARGES AND SERVICE TAX PAID THERE ON.
NOW MY QUESTION IS WHETHER HE CAN CLAIM THAT SERVICE TAX CAN BE ADJUST WITH THE SERVICE TAX PAYABLE BY HIM.
ADVANCE THANKING YOU SIR/ MADAM.
ONE OF MY CLIENT IS RECEIVING AND PAYING SERVICE TAX IN THE HEAD OF RENTING OF IMMOVABLE PROPERTY,
AND HE GOT ONE SERVICE TAX INVOICE FOR COMMISSION CHARGES AND SERVICE TAX PAID THERE ON.
NOW MY QUESTION IS WHETHER HE CAN CLAIM THAT SERVICE TAX CAN BE ADJUST WITH THE SERVICE TAX PAYABLE BY HIM.
ADVANCE THANKING YOU SIR/ MADAM.
18 February 2014
1. Service tax paid on commission charges is admissible as CENVAT credit.
2. This CENVAT credit can be utilized for payment of service tax liability on renting of immovable property.
3. Eg. service tax on commission = Rs. 5,618/-
Service tax liability on rent = 12,360
CENVAT credit utilized = Rs. 5,618
Balance to be paid through challan = Rs. 6,742
2. This CENVAT credit can be utilized for payment of service tax liability on renting of immovable property.
3. Eg. service tax on commission = Rs. 5,618/-
Service tax liability on rent = 12,360
CENVAT credit utilized = Rs. 5,618
Balance to be paid through challan = Rs. 6,742
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- Tax on Amount transferred in HUF Account
- ETDS return q4 25-26
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
