Cenvat credit availability to service provider
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 December 2013
Sir,
Please help me in following case
I am a service provider
I have input CENVAT credit of 12000/- Rs.
I have provide a service which fall under reverse charge mechanism of RS 1,00,000/-. on which i am liable to pay 4944/- Rs.
can i utilize CENVAT Credit for this liability and claim balance 7056/- (12000-4944) as refund
Please help me in following case
I am a service provider
I have input CENVAT credit of 12000/- Rs.
I have provide a service which fall under reverse charge mechanism of RS 1,00,000/-. on which i am liable to pay 4944/- Rs.
can i utilize CENVAT Credit for this liability and claim balance 7056/- (12000-4944) as refund
21 December 2013
Hi
No, under RCM, liability to service tax needs to be paid in cash. No cenvat credit can be utilised to pay same.
Thanks//VaibhavJ
No, under RCM, liability to service tax needs to be paid in cash. No cenvat credit can be utilised to pay same.
Thanks//VaibhavJ
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