Service tax paymend on reverse charges basis is avail credit
This query is : Resolved
ROHIT METTU
(Querist)
25 October 2016
Dear Sir,
Service Tax paymend on reverse charges basis is avail credit on Input CENVAT Service tax in ER-1 towards payment of service tax on reverse charge mechanism.
Pls help me to resove my problem
Dear Sir,
Service Tax paymend on reverse charges basis is avail credit on Input CENVAT Service tax in ER-1 towards payment of service tax on reverse charge mechanism.
Pls help me to resove my problem
CA R SEETHARAMAN
(Expert)
25 October 2016
Yes cenvat credit can be availed in ER 1 for service tax paid under reverse charge.
ROHIT METTU
(Querist)
25 October 2016
Thank You Sir
also i need help for
in the last year i have a cenvat credit of service tax amount of rs. 69,01,120/-
now in the current year i have to pay service tax on reverse charge basis amount of rs. 12,50,200/-
shall i pay amount of Rs. 12,50,200/- or shall i have to adjust in the balance of last year cenvat credit of service tax?
it is possibal to adjust current year payable amount to adjust against last year balance?
Thanking you
also i need help for
in the last year i have a cenvat credit of service tax amount of rs. 69,01,120/-
now in the current year i have to pay service tax on reverse charge basis amount of rs. 12,50,200/-
shall i pay amount of Rs. 12,50,200/- or shall i have to adjust in the balance of last year cenvat credit of service tax?
it is possibal to adjust current year payable amount to adjust against last year balance?
Thanking you
CA R SEETHARAMAN
(Expert)
26 October 2016
Service tax under reverse charge has to be paid can't be adjusted against cenvat credit
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