Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

ST RCM and CENVAT CREDIT

Service Tax - Started By: - Bijay Shrestha - Dated:- 16-10-2016 Last Replied Date:- 25-10-2016 - A company has following liability as on 31.03.2016: Service Tax Payable (Other than RCM) = ₹ 5,00,000/- Service Tax payable on RCM = ₹ 2,00,0 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e only after payment but that credit falls in next FY i.e. FY 2016-17. Now whether the Company can do so? In my view, the Company can't do so because liability falling in FY 2015-16 and credit available in FY 2016-17. Both these payments have to .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

he input service should have nexus with the output service provided. - Reply By Ganeshan Kalyani - The Reply = The challan is the document based on which credit can be taken. It does not determine the eligibility of the credit. Thanks. - Reply By Bij .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ccount is the relevant date to compute one year time limit. Therefore though the service tax is payable during 2015-16 it is paid by you in 2016-17 along with the due interest. Therefore you can take credit of service tax paid with one year from the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version