Can any body suggest me about the reverse service tax deposited by the company and it cannot claim that as input in that month in which it is deposited why...?
Dwarika Jha (CA-Final) (179 Points)
12 June 2013Can any body suggest me about the reverse service tax deposited by the company and it cannot claim that as input in that month in which it is deposited why...?
Lalatendu Bal
(CA)
(49 Points)
Replied 12 June 2013
i guess ur question relates to utilisation of Input tax credit for the payment of Service Tax on revese basis
if that is so then answer is if a company is paying service tax on reverse basis then it cannot utilise its own ITC for payment of service tax, it has to be paid in cash and it can claim the same as Input
Nirav Worah
(CHARTERED ACCOUNTANT)
(396 Points)
Replied 13 June 2013
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