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Reverse charge mechanism
Can we take input credit on service tax paid on legal services as per RCM.
is there any restrictions based on business nature...
if yes share with supporting
Thanks in Advance....
Replies (3)
Yes the credit of service tax on RCM for legal service shall be allowed as input credit provided the legal service was for business purpose. There are no restrictions.
Is credit of st paid on transportation under rcm allowed??
Credit of st paid on transportation is allowed if such transportation is cartage inward or transportation upto the factory gate. Any st paid on cartage outward or transportation from the factory gate to outside is totally disallowed.
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