Scribd Logo
Upload

Welcome to Scribd!

  • 46 views

    2005 EB 08 Export Terms Documentation and Payment Methods

    Uploaded by

    shivamdubey12
    The document discusses the service tax liability of a company that imports services and pays commission to non-resident agents. It explains that the company cannot adjust its CENVAT credit of Rs. 80 towards the service tax of Rs. 100 for imported services under reverse charge. It needs to pay Rs. 100 first and then can claim the credit to pay excise duty of Rs. 200 by adjusting the amounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    2005 EB 08 Export Terms Documentation and Payment Methods

    Uploaded by

    shivamdubey12
    46 views3 pages
    The document discusses the service tax liability of a company that imports services and pays commission to non-resident agents. It explains that the company cannot adjust its CENVAT credit of Rs. 80 towards the service tax of Rs. 100 for imported services under reverse charge. It needs to pay Rs. 100 first and then can claim the credit to pay excise duty of Rs. 200 by adjusting the amounts.

    Original Description:

    export terms

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses the service tax liability of a company that imports services and pays commission to non-resident agents. It explains that the company cannot adjust its CENVAT credit of Rs. 80 towards the service tax of Rs. 100 for imported services under reverse charge. It needs to pay Rs. 100 first and then can claim the credit to pay excise duty of Rs. 200 by adjusting the amounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    46 views3 pages

    2005 EB 08 Export Terms Documentation and Payment Methods

    Uploaded by

    shivamdubey12
    The document discusses the service tax liability of a company that imports services and pays commission to non-resident agents. It explains that the company cannot adjust its CENVAT credit of Rs. 80 towards the service tax of Rs. 100 for imported services under reverse charge. It needs to pay Rs. 100 first and then can claim the credit to pay excise duty of Rs. 200 by adjusting the amounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    5/17/2014 CENVAT- IMPORT SERVICES

    shivamdubey  Logout

    Member Strength 12,81,345 and growing..

    CCI ONLINE COACHING NEWS EXPERTS ARTICLES FILES FORUM JOBS STREAM E-MAIL EVENTS STUDENTS JUDICIARY MORE

    Home > Experts > Service Tax > C ENVAT- IMPORT SERVIC ES

    Free Demat Account


    religareonline.com/Demat_Account
    With Money Back Guarantee*. Trade Across Multiple Devices. Open Now!
    CENVAT- IMPORT SERVICES (Service Tax)

    This query is : Resolved


    Facts:

    ABC Pvt. ltd.(Manufacturer) exports its products,


    It pays Commission to Non resident Agents.
    It also pays service Tax fo Import of Services.It is not liable for service tax under
    any other catagory.
    Pbmangarolia
    ( Author )
    Example: Service Tax Payable on Commission Rs. 100, Input Excise Credit Rs. 70,
    02 January 2008
    Input Service Tax Credit Rs.10, Excise duty Payable Rs. 200

    Questions:
    - Can the company take credit of Input Excise as weel as Service tax i.e. Rs. 80
    and pay Rs. 20? (I think not Possible)

    - Should the Company Pay Rs. 100 for Service Tax?

    - If it pays Rs. 100 as Service Tax and take it as Input Credit for Payment of
    Excise i.e.Rs.200- Rs.100- Rs.70- rs.10 = Rs.20, is it ok?

    -Is it necessary that to consider this reverse Charge as Input Credit, You must
    be service provider?

    Considering the above example pls. confirm The actual Libility under service Tax
    i.e. Rs. 100, Rs.20 and for excise Rs.120, Rs. 20?

    Thanks

    Under the reverse charge mechanism you cannot adjust cenvat credit, of Rs. 80/-
    ( Rs. 70+Rs. 10/-)

    This has to be paid vide GAR7 first under Import of Services Rule 5 and later on
    you can take the credit for payment of your excise duty or Rs. 200/- can be set
    off as Rs. 200-Rs.100-70 - 10 and you pay only Rs 20 vide GAR 7 Challan

    Not necessary to be a service provider in case of reverse charge, since you being
    a manufacturer you can take the input credit on such reverse charge.

    Dayal http://www.caclubindia.com/homepage/DM%20Associate/
    ( Expert )
    12 February 2008

    Previous Next
    You need to be the querist or approved CAclub expert to take part in this query .

    http://www.caclubindia.com/experts/cenvat-import-services-16116.asp#.U3bG4NKSySk 1/3
    5/17/2014 CENVAT- IMPORT SERVICES

    Similar Resolved Queries : Search Experts GO


    Online registration of services tax
    Two services rendered & combined total is more than 10 lacs
    C onsequenses or not showing export services in s. tax return
    Taxability in india of services provided outside india
    C onstruction services to works contract service..
    Service tax on services of petrol pump
    St on services having abatement
    Serviec tax on transport services - gta...
    Is security services covered under man power supply services
    Service tax on after sale services contracts

    Recent Popular

    Please guide me to take this decision


    Forex management
    A.o jurisdiction
    Difference in date of birth between pan
    card and as registered under it act.
    Regarding ipcc
    Ca-final exams
    Tds
    Intimation u/s 245
    Exemption
    Tax on ltcg in case of non residents

    Quick Links
    Experts Home
    Apply As Expert
    Daily Digest
    Show all queries
    Today's Posts
    Ask a Query
    Answer a Query
    Hall of Fame
    Settings (Only for experts)

    Subscribe to Expert Queries Feed

    shivamdubey12@gmail.com

    CAclubindia
    Like 135,884

    More Subscription Options » Twitter Linkedin

    Free Demat Account


    religareonline.com/Demat_Account
    With Money Back Guarantee*. Trade Across Multiple Devices. Open Now!
    back to the top

    Our Network Sites


    About We are Hiring Advertise Terms of Use
    Disclaimer Privacy Policy Contact Us

    © 2014 CAclubindia.com. Let us grow stronger by mutual exchange of know ledge.

    http://www.caclubindia.com/experts/cenvat-import-services-16116.asp#.U3bG4NKSySk 2/3
    5/17/2014 CENVAT- IMPORT SERVICES

    http://www.caclubindia.com/experts/cenvat-import-services-16116.asp#.U3bG4NKSySk 3/3

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy