Import of services

[Guest]

Dear Sir,

We are procure imported duty free material against various license issued by JDFT.

 

At present we are receive import of service and service tax paid by us by e-payment.

Can we use  license against import of services?

Please guide me.

jayesh

[YAGAY andSUN]

Kindly go through the para 4 of the Annual Supplement  2013 of the FTP 2009 - 2014

Widening the Scope of Utilization of Duty Credit Scrip

4.1 Duty Credit Scrips issued under Focus Market Scheme, Focus Product Scheme and Vishesh Krishi Gramin Udyog Yojana (VKGUY) can be used for payment of service tax on procurement of services within the legal framework of service tax exemption notifications under the Finance Act, 1994. Holder of the scrip shall be entitled to avail drawback or CENVAT credit of the service tax debited in the scrips as per Department of Revenue rules.

AI Summary

Duty credit scrips use for service tax allows payment for imported services and entitlement to drawback or CENVAT credit. Duty credit scrips issued under Focus Market Scheme, Focus Product Scheme and Vishesh Krishi Gramin Udyog Yojana can be used for payment of service tax on procurement of services within the legal framework of service tax exemption notifications under the Finance Act, 1994; the scrip holder is entitled to avail drawback or CENVAT credit of the service tax debited in the scrips as per Department of Revenue rules.