Input service credit - Reg.

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..... Input service credit - Reg.
Query (Issue) Started By: - vinay wakde Dated:- 29-5-2013 Last Reply Date:- 28-5-2014 Service Tax
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Service Tax
We are receiving monetary considerati .....

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..... on for following activities and we are paying service Tax under reverse charge method. (1)Penalty imposed on supplier for late supply of material. (2)Amount recovered from the contractor for delay o .....

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..... r non completion of work beyond an agreed date. (3)Amount recovered by the employer from employee for failure to comply with contracted conditions i.e. recovery of notice pay. (4) Penalty and Fines .....

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..... collected by the company for maintenance of building & structures. Kindly let us know whether we shall claim CENVAT on above Input services received by us after making e-payment under reverse charge .....

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..... method. Regards, VINAY Reply By Madhukar N Hiregange: The Reply: Why you have to pay ST on reverse charge for penalty as that is not a consideration is not understood. Compensation may however b .....

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..... e liable. Under reverse charge only if liable.
Discussion Forum - Knowledge Sharing .....

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