Reverse tax machanism
Biju Jacob (Accountant) (27 Points)
16 July 2016Biju Jacob (Accountant) (27 Points)
16 July 2016
Senu Reddy
(ca final)
(291 Points)
Replied 16 July 2016
Yes you are eligible for Input tax credit for the service tax paid under reverse Charge... as it is used in generating the output services... but input tax credit cannot be used to setoff the service tax liability under reverse charge... so you should pay the service tax on Reverse charge and avail.. input credit...
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