WHETHER INPUT CREDIT ON SERVI CE TAX CAN BE AVAILED WHERE THE TAX PAYER IS A RECEIPIENT OF SERVICE UNDER RESERSE CHARGE MECHANISM.
SUKANTO SIL (ACCOUNTS OFFICER) (66 Points)
05 March 2013WHETHER INPUT CREDIT ON SERVI CE TAX CAN BE AVAILED WHERE THE TAX PAYER IS A RECEIPIENT OF SERVICE UNDER RESERSE CHARGE MECHANISM.
CA Shruti Gupta
(CMA FINAL CS Final)
(1434 Points)
Replied 05 March 2013
Cenvat credit cannot be used to pay tax by service receiver. Service tax as to be paid by cash only i.e. GAR-7 challan.
but service tax paid under RESERSE CHARGE MECHANISM can be used as cenvet credit for payment of regular service tax ....
Sunil
(Sr. Assocaites)
(21 Points)
Replied 05 March 2013
HI Friends, Plz help me to get all in one service tax file or pdf ..where i can learn all procedure of service tax, enteries , etc...
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