Cenvat credit on reverse charge mechanisam

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shamsheer (Querist)
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02 January 2014 Dear sir,
Our company is software company, recently we take one buss on hire for staff outing. Service provider charged 4.944% service tax on reverse charge mechanism and balance tax 7.416 we have to pay. my question is can we get Cenvat credit on input service ie 4.944 & as well as 7.416 for both the payment?

Arun Kumar Singh

Arun Kumar Singh (Expert)
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02 January 2014 Yes, you can take the cenvat credit of both duty paid by you. All the services covered under reverse charge system if you have to pay the duty then you are eligible to take cenvat credit.

CA.Chandankumar

CA.Chandankumar (Expert)
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02 January 2014 I am agreed with Mr. Arun But Balance Tax 7.416 has to be paid in cash
unless Assessee pay the balance amount, it is not allowed to take as cenvat Credit .

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