TaxTMI 
TaxTMI 
Experts.
whether Credit of R & D cess allowed for all services.? whether we can claim R & D credit paid on service registered under management consultancy.?.
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Regards.
Gourav Arora
Credit of R & D Cess on Royality
24 Dec 2012 
12 Replies 
26323 Views Asked by
Research and Development cess credit available where import of technology services meet payment and record conditions
R&D Cess paid on services involving import of technology may be treated as exempting an equivalent amount of service tax where the cess is paid at or before payment for the service and where records establish linkage between the invoice or credit entry and the R&D cess payment challan; the relief depends on meeting these timing and documentary nexus conditions and applies to management consultancy only if the service involves import of technology. (AI Summary)
R&D Cess paid on services involving import of technology may be treated as exempting an equivalent amount of service tax where the cess is paid at or before payment for the service and where records establish linkage between the invoice or credit entry and the R&D cess payment challan; the relief depends on meeting these timing and documentary nexus conditions and applies to management consultancy only if the service involves import of technology. (AI Summary)