Whether Service Receiver can adjust its Service Tax liability on import of services by utilizing service tax paid in advance earlier against his normal output service ?
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Service tax - reverse charge liability
Replies (4)
When you pay ST on the import of Service, you can treat it as Cenvat Credit and utilise the same towards discharging your Output ST liablity.
i have already paid my output service tax liability in advance. now there has ben a service tax liability on me through reverse charge mechanism.
so my question is whether can i set off my reverse charge liablity through my earlier advance payment ?
All reverse charge liablity has to be discharged only in Cash
| Originally posted by : Prasad | ||
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All reverse charge liablity has to be discharged only in Cash |
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Thats Right..
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