urgent service tax
This query is : Resolved
09 July 2009
author : RamKumar
Posted On
09 July 2009
Dear alls pls advise
As per the decision of the H`nerable DELHI HIGH COURT the is no service tax on rent of the immovable property
Though the Supereme court decision is pending
if we follow and not pay the service tax on the rent which we are paying to our landlord and giving the undertaking that if the decision will go against the assesse and have to pay the service tax with interest and panelty
and we do like that
if yes could we use our cenvat credit of service tax and excise duty for paying that service tax
pls advise
author : RamKumar
Posted On
09 July 2009
Dear alls pls advise
As per the decision of the H`nerable DELHI HIGH COURT the is no service tax on rent of the immovable property
Though the Supereme court decision is pending
if we follow and not pay the service tax on the rent which we are paying to our landlord and giving the undertaking that if the decision will go against the assesse and have to pay the service tax with interest and panelty
and we do like that
if yes could we use our cenvat credit of service tax and excise duty for paying that service tax
pls advise
13 July 2009
of course, yes if you are service provider you can adjust your cenvat against your liability.
However the interest would have to be paid by way of GAR7 challan as interest cannot be adjusted
However the interest would have to be paid by way of GAR7 challan as interest cannot be adjusted
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