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Servicetax
HELLO ,
ONE OF OUR CLIENT FREQUENTLY TAKING SERVICE OF AIR BOOKING , TRAVELING ,PROFESSIONAL FEE, RENT OF OFFICE .
AND ALSO HAVE TO PAY RCM SERVICE TAX
CAN I TAKE CENVAT CREDIT FROM ABOVE RECEIVING SERVICE FOR PAYING RCM.
Replies (3)
If you are registered tour operator under service tax, then you can only take cenvat of the input services only from all dealers like you can take Cenvat of RCM paid on transport services, airlines, hotels, transporters. But not on the input of the business like rent, professional fees, etc.
Piyush Tanwar
CA Finalist
Tax and Audit Professional
M - 9717468521
NO WE ARE NOT REGISTERED UNDER TOUR OPERATOR NOR RENDERING ANY TAXABLE SERVICE ONLY PAYING RCM SERVICE LIKE PROFESSIONAL , TRANSPORTOR.
then you can't claim cenvat credit of the services.
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