Service tax input under rcm
Querist : Anonymous
Bill receive on 4th july.
service tax payment due date
service tax input utilization date.please reply this question
.
1)Service tax is payable by service receiver when actual payment is made to service provider and not on receipt of Invoice from service provider. However, if payment is not made to service provider within 6 months, service tax is anyway payable. Interest is also payable.
2)Tax should be paid under service tax registration number of service receiver and included in his return as he is liable to pay service tax.
3)Once paid, Cenvat credit can be taken if otherwise it is his eligible ‘input service’.
.
.
Hope you got ..You can avail input on date of payment
Querist : Anonymous
.
(Ignored TDS)
.
On receipt of invoice
.
Dr.Expence A/c 100
Dr.Service tax input A/c 3.09
Dr.Service tax Defered Input 9.27
Cr.Service provider A/c 103.09
Cr.RCM Service tax payable 9.27
.
On payment to service provider
Dr.Service provider A/c 103.09
Cr.bank A/c 103.09
.
With in 6th of the following month in which you made payment to Service provider you have to discharge RCM SErvice tax liability
.
On payment of Service tax
Dr.RCM Service tax payable 9.27
Cr.bank A/c 9.27
take input if it is eligible
(Pass input entry on same date)
Dr.Input Service tax A/c 9.27
Cr.Service tax Defered Input 9.27
.
.
Hope it is cleared now for you
.
.
Okay even legal service also same
.
.
there there may not be service tax input from service provider as we only have to pay full service tax to department
.
.
rest will be same..hope it is fine
Click here to login now
Similar Resolved Queries
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Gift Received from nonblood relative
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- FTS Taxable under 115A
- Experts need help
- Rental income gst and it purpose
- Goods sold but invoice not issued
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
