Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Monday, November 5, 2012

Sample Service Tax Invoice under Reverse Charge Mechanism


  1. Service Receiver is to be remitted Rs.927 to Govt. and what is the amount of Cenvat credit can be claimed by Service receiver. ?

  2. Rs. 309 on the basis of invoice and Rs. 927/- on the basis of GAR-7

  3. 927+309.. as under rcm only liablity to deposit is in hands of sr n sp partially. but atlast payment was made indirectly by sr . so credit benefit shall be taken by sr irrespective of rcm..
    As on 01-04-2015, above service comes under RCM , where sr is liable to pay 100% of stax amt.