Treatment of figures

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This query is : Resolved

AJIT SINGH (Querist)

27 November 2014 under RCM service tax liability paid by SR in cash he got input on that then wht should do with in next period . mean how to redeem those input against tax liability

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

27 November 2014 input credit is not available for rcm basis

AJIT SINGH

AJIT SINGH (Querist)

27 November 2014 is See recvr paid tax under RCM
so he can't claim input for those h paid

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

27 November 2014 u can confirm it by any1..........

AJIT SINGH

AJIT SINGH (Querist)

27 November 2014 BT I heard that under RCM for paid taxes assessee should claim 100% cenvat credit

CA Kumar Mukesh

CA Kumar Mukesh (Expert)

28 November 2014 If you are paying Service Taxes under Reverse charge Mechanism, Cenvat Credit be availed only if comes under the definition of Input Services rule 2(i) of Cenvat Credit Rules 2004

Cenvat Credit can be availed within same month but only after making payment in cash.

Rupesh Jain

Rupesh Jain (Expert)

29 November 2014 if you pay the tax under RCM then some service under you cannot take the rcredit like transport out wards services. housekeeping services. pls make sure that service use for out ward services.

AJIT SINGH

AJIT SINGH (Querist)

29 November 2014 only certain services that can't be availed credit otherwise rest of services if tax duly paid can claim credit 100% ???

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