https://www.taxtmi.com/forum/issue?id=108876 The franchisee must account for service tax on 100% of receipts and may take CENVAT credit only on invoiced amounts from the franchiser, subject to the timeliness restriction on credit. Returns may be revised only within the statutory revision window. The franchisee should compute and pay the differential tax on the withheld portion, adjust admissible CENVAT credit per the CENVAT rules and time limits, pay applicable interest, and maintain records evidencing the calculations and adjustments. en-us Sat, 11 Jul 2015 12:07:08 +0530 Thu, 23 Jan 2025 15:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108876 The franchisee must account for service tax on 100% of receipts and may take CENVAT credit only on invoiced amounts from the franchiser, subject to the timeliness restriction on credit. Returns may be revised only within the statutory revision window. The franchisee should compute and pay the differential tax on the withheld portion, adjust admissible CENVAT credit per the CENVAT rules and time limits, pay applicable interest, and maintain records evidencing the calculations and adjustments. Discussion-Forum Service Tax Sat, 11 Jul 2015 12:07:08 +0530 https://www.taxtmi.com/forum/issue?id=108876