Menu
Input service tax credit amount
Suppose a service received an Invoice from Service provider with following details-
Service Provided Rs. 18000
Service Tax Rs. 2225
Total Rs. 20225
Now service receiver has paid to provider Rs. 18000 in full and final settlement.
Can the service receiver claim Input Service Credit of Rs. 2225 while providing service in future?
Or will service receiver assume Rs. 18000 as inclusive of Service tax and Take credit for Rs. 1980 by back calculation??
Replies (3)
Yes according to me the receiver can take proportionate Cenvat credit.
Experts pls correct me if i am wrong !
Thnak you.
Yes Service receiver can take the credit of 1980 by back calculation since reduction of amount in invoice is on account of service amount and not service Tax amount so accordingly we can claim Rs 1980/- but still there can be other views possible .
Yes. I feel you can backwork and take credit for Rs 1980
Recent Topics :
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
Related Topics :
CAclubindia
