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Cenvat credit on reverse charge mechanism (Service Tax)

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This query is : Resolved


( Author )
26 July 2012

Dear Sir/Madam,

under this new service tax regime, certain part of the service tax need to be paid by provider as well as by service receiver. My question is that say 50 % need to be paid by the service received under this scheme can be paid through utilization of cenvat credit of 50 % paid to Service Provider.

Further I comes under service tax registration because of reverse charge only under Work Contract services. Under which service category i need to register ?


CA CS Amit S. Kedia

( Expert )
26 July 2012

No, Cenvat credit can be taken only against output service. here, input service receiver is liable for service tax as a recipient.
Hence, first you will have to pay to the govt and can take the credit of the same against output service.


Pankaj Gandhi Jaiswal

( Expert )
26 July 2012

Mr Amit is right and also there is no category as such earlier so no need of WC actegory now


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