Works contract
This query is : Resolved
31 October 2013
There was a bill of Works contract dated 8th May.
As per reverse charge mechanism, 50% of liability is to be paid by the assessee.
However, the service tax was not paid as per reverse charge.also, by mistake the service tax paid to supplier was expensed out.
Can the return be revised now and credit of the same be taken now?
As per reverse charge mechanism, 50% of liability is to be paid by the assessee.
However, the service tax was not paid as per reverse charge.also, by mistake the service tax paid to supplier was expensed out.
Can the return be revised now and credit of the same be taken now?
31 October 2013
Yes, Service tax return can be revised.
31 October 2013
n the credit of serv tax paid?
31 October 2013
You can adjust that credit for another service tax payment in the same head.
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