Center credit eligible or not
This query is : Resolved
Mallikarjunreddy
(Querist)
29 January 2016
under reverse charge cenvat credit eligible or not in the case amount not paid to service provider
Ganeshbabu K
(Expert)
29 January 2016
Under reverse charge cenvat credit is availed on basis of GAR-7 challan on payment of servicetax ,Hence payment to service provider is irrelevant .
So cenvat credit is eligible.
So cenvat credit is eligible.
Mallikarjunreddy
(Querist)
30 January 2016
Thank you Sir, one more dought
Suppose Contract value 100000 -Not paid to supplier
ST RCM 14000 -Remmitted to Dept
Both are advance payments. if service cancelled without execution what will be the impact of Service Tax & Cenvat Credit
Suppose Contract value 100000 -Not paid to supplier
ST RCM 14000 -Remmitted to Dept
Both are advance payments. if service cancelled without execution what will be the impact of Service Tax & Cenvat Credit
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