Reverse /Partial Reverse Charge Mechanism

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..... Dear Learned Ladies Gentlemen, Kindly clarify the following query : In case of a few services like Legal consultancy ,Man-Power Supply Security Agencies the onus is on the service recepient for dishcharging the liability of tax; 100% in case of the former and 75% in case of the latter(Man-Power Supply Security Agencies) The payment has to be made wihin six months from the date of the .....

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..... Invoice and until the liability of service tax is discharged by remiittance, cenvat credit cannot beavailed. Suppose if a Legal Consultancy Firm raises a Bill on a body -corporate say on 1st january 2013 for Rs.1,00,000/- and the service recepient body-corporate remit the service tax @ 12.36% -Rs.12360/- to the Department wih in the stipulated six months period but does not clear the Fees for Lega .....

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..... l Consultancy -Rs.1,00,000; Under this circumstance can the service recepient claim the cenvat credit for the service tax discharged as aforesaid though it has not paid the "Fees" Thanks With Regards, K.Srivatsan - Reply By Pradeep Khatri - The Reply = The taxable value and tax both are required to be paid. There was a circular/clarification by the Department in this regard. - Reply By .....

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..... ANAND SHEMBEKAR - The Reply = For availing the cenvat credit on input services , both the value of bill and service tax thereon must be paid . Then only you can taken the cenvat credit. Thanks A M SHEMBEKAR CELL 9421187122 - Reply By JAMES PG - The Reply = Please refer to first proviso to sub rule 7 of Rule 4 of CCR, which clearly lays down that Cenvat credit in respect of service .....

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..... tax paid on Reverse charge shall be allowed on or after the day on which payment is made of teh value of input service and the service tax paid or payable - Reverse /Partial Reverse Charge Mechanism - Query Started By: - Srivatsan Krishnamachari Dated:- 31-1-2013 Service Tax - Got 3 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Mana .....

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..... gement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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