Service tax on royalty
This query is : Resolved
29 July 2012
DEAR EXPERTS,
WE HAVE UTILIZED CENVAT CREDIT TO PAY SERVICE TAX ON ROYALTY BUT UNDER REVERSE CHARGED MACHENISM WE HAVE TO PAY SERVICE TAX ON ROYALTY THROUGH CASH ONLY.NOW SERVICE TAX DEPARTMENT DEMAND TO PAY SERVICE TAX ON ROYALTY WITH INTEREST. CAN YOU SUGGEST ME ANY SUTAIBLE WAY TO COME OUT WITHOUT PAYING INTEREST THIS TYPE OF PROBLEM.
THANKS
WE HAVE UTILIZED CENVAT CREDIT TO PAY SERVICE TAX ON ROYALTY BUT UNDER REVERSE CHARGED MACHENISM WE HAVE TO PAY SERVICE TAX ON ROYALTY THROUGH CASH ONLY.NOW SERVICE TAX DEPARTMENT DEMAND TO PAY SERVICE TAX ON ROYALTY WITH INTEREST. CAN YOU SUGGEST ME ANY SUTAIBLE WAY TO COME OUT WITHOUT PAYING INTEREST THIS TYPE OF PROBLEM.
THANKS
04 August 2012
Please confirm period of dispute. Also, there is one High Court Judgement & Tribunal judgement, where they have permitted to use CENVAT for reverse charge (prior to budget 2012). Also, you can say it is revenue neutral.
Please take expert opinion if required to give better clarity.
Please take expert opinion if required to give better clarity.
04 August 2012
DEAR EXPERT,
MY DISPUTE IS FROM 2006-07. I THINK AT THAT TIME NO CLEARTY IN THIS REGARDS. CAN YOU GIVE ME ANY JUDGEMENT IN THIS ISSUE.
THANKS
MY DISPUTE IS FROM 2006-07. I THINK AT THAT TIME NO CLEARTY IN THIS REGARDS. CAN YOU GIVE ME ANY JUDGEMENT IN THIS ISSUE.
THANKS
Dhirajlal Rambhia
(Expert)
29 July 2023
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