Dear Sir / Mam,
Can any one say, whether a company pays Service tax on Directors Commission / Sitting Fees on reverse charge basis is eligible for taking the same as Input Service Credit.
If the answer is affirmative, i request you to give the justifications.
Regards,
R.Muthuraj
Yes, you can avail cenvat credit but only after you pay the tax in cash.
Thanks,
SKAA & Associates
New Delhi
CA Inter
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R P S K & Associates
Nashik
CA Inter
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CAclubindia
