service tax credit related on reverse charge service tax payment

[Guest]

dear Experts,

In the month of mar-15 we have paid excise duty payment and service tax payment under reverse charge(Man power , gta) on 31/03/2015 the same credit on service tax paid can be taken in the month of mar-15 against excise duty which will be filed return in 10th april of mar-15.

pls. suggest on that query.

regards,

Manan Pandya

[Mahir S]

Yes sir, service tax credit under reverse charge mechanism can be taken after making payment thereof.

You can take service tax credit under reverse charge in the month of march 2015 against payment made on 31.03.2015.

[Rajagopalan Ranganathan]

Sir,

Since you have paid the duty under reverse charge on 15.3.2015 you can take the credit on receipt of the receipted GAR challan from the Bank or if you pay the duty through net Banking, the you can take the credit on the same date and utilize such credit for payment of duty on 31.3.2015.

[Ramanujam Varadarajan]

Yes, In this case, it can be taken for Credit for adjustment against March 15 liability.

[Ramanujam Varadarajan]

Yes. Service tax paid can be taken as Credit in the month of Mar 15.

[Guest]

thank you all experts for your reply.

regards,

Manan Pandya

AI Summary

Service tax credit under reverse charge may be claimed after payment and used against contemporaneous excise liabilities. Service tax credit under the reverse charge mechanism can be claimed only after payment and may be taken in the period of payment; a receipted GAR challan or net banking payment confirmation constitutes the operative proof allowing the credit to be utilised against contemporaneous excise or service liabilities in the same return period.