A pvt ltd co has to pay consultancy fess to non executive director, acc to Service Tax rules Reverse Charge Mechanism is applicable. The company will pay 100% Service Tax @ 12.36%.
My Question is, can the company avail the service tax credit for the 100% tax amount paid.
Yes, cenvat credit can be availed by a manufacturing company or a company providing output service.
Consultancy Fees can be Taken as a input of Service Tax
O P Bagla & Co LLP
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Interactive Media Pvt Ltd.
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