Sir,
One of service tax provider has a centralized registration providing service from one place now it changing its place of service to other place so now in this case capital goods reversal is required or not e.g. Service provider from rajas than have centralized registration providing service from Rajasthan now want to shift to other state.
RgdsÝateen
Service provider relocating to another state must amend Service Tax registration; no CENVAT Credit reversal needed per Rule 10(2). A service tax provider with centralized registration in Rajasthan is relocating to another state and inquires whether capital goods reversal is necessary. A chartered accountant advises that the service provider must amend their Service Tax registration to reflect the new address and submit the amended application to both the old and new jurisdictional offices. Since the service tax number remains unchanged, there is no need to reverse the CENVAT Credit on capital goods if they are also being relocated. Another participant cites Rule 10(2) of the Cenvat Credit Rules, 2004, allowing credit transfer if business ownership changes or relocates. (AI Summary)
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