IPR SERVICE TAX CREDIT

Queries 1478 views 7 replies

Dear Sir,


My client registered with Service tax department for IPR SERVICE As a Service receiver

He was paid Rs.90000/- in 2005-2006 for foreign Technology Purchased

can My client take credit the same amount which he paid through TR-6 CHALLAN Rs.90000/- ?

 


pLEASE SEND ME REPLY  AT vikas_244 @ yahoo.co.in

 

thanks

Replies (7)

Yes. Tax paying chalan is a valid document for cenvat cerdit in relation to import of service. I hope the correct for of chalan is GAR-7.

Originally posted by : Unnikrishnan Nair N

Yes. Tax paying chalan is a valid document for cenvat cerdit in relation to import of service. I hope the correct for of chalan is GAR-7.

Thanks for reply

But My question is Service Tax paid for IPR Service Tax Liability is eligible for  Cenvat Credit

 

Thanks

"The Cenvat Credit Rules define ‘input services’ as services used, directly or indirectly, in relation to the manufacture of excisable goods. The definition includes other services such as those used in relation to setting up, modernisation and renovation of a factory, advertisement, sales promotion and market research. "

SO  , u can avail cenvat credit of service tax paid on IPR Services.

Yes. Service tax paid under reverse taxing for import of foreign technology service is a valid cenvat credit . Becase you have used that service for providing your output service namely IPR service.

dear sir, whom so ever it may concern, sir i need information regarding service tax input credit can be taken by non manufacturing concerns or not if yes what are the mandatory requirements. what are the products can they take as input credit (means services received) & also i want to now what are the service's can be taken for central excise MOD vat credit. to their business related thanking you you can even mail me on my personal ID santosh access @ rediffmail.com

Cenvat credit in respect of input service can be taken by a manufacturer of excisable goods or provider of taxable service. For details of the scheme, pl. refer to Cenvat Credit rules ,2004.

Originally posted by : Unnikrishnan Nair N

Cenvat credit in respect of input service can be taken by a manufacturer of excisable goods or provider of taxable service. For details of the scheme, pl. refer to Cenvat Credit rules ,2004.

 Dear Sir,

I highly appriciated your  Input

can you give me any case law/judgment  in this regard?

Thanks

 


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