Rendering foreign customs broker agent service

Dear CA Club members

Our company exporting shrimps to foreign countries and our subsidiary in U.S.For cargo release in U.S we are rendering customs clearing agent service for paying anti dumping duty and other charges .

Recently we have received a demand notice from service tax department they said, you have rendered services from abroad on reverse charge mechanism you pay the full tax (100%) on service amount in cash only ,no setoff service tax input receivables.

We have paid lot of service tax on rendering services on :Lab testing ,Export freight , survey fee , currency conversion tax , other financial services .As per reverse charge mechanism service tax payble amount is lesser than our service tax receivable amount.

Please guide me can we setoff that payable amt. with input service tax

awaiting for your valuable reply

reg.

sreenivas

Originally posted by : Venkata
	Dear CA Club members Our company exporting shrimps to foreign countries and our subsidiary in U.S.For cargo release in U.S we are rendering customs clearing agent service for paying anti dumping duty and other charges . Recently we have received a demand notice from service tax department they said, you have rendered services from abroad on reverse charge mechanism you pay the full tax (100%) on service amount in cash only ,no setoff service tax input receivables. We have paid lot of service tax on rendering services on :Lab testing ,Export freight , survey fee , currency conversion tax , other financial services .As per reverse charge mechanism service tax payble amount is lesser than our service tax receivable amount. Please guide me can we setoff that payable amt. with input service tax awaiting for your valuable reply reg. sreenivas