Cenvat credit on reverse charge mechanism
This query is : Resolved
Srinivasan.M
(Querist)
03 January 2014
Clarify me with regard to use of cenvat credit in payment of service tax liability under reverse charge by recipient of taxable service with abatement.
CA DHEERAJ
(Expert)
03 January 2014
yes,
you get cenvat credit benefit both amount, which provider is paid service tax, and receiver is paid direct department, bot amount you get cenvat credit
you get cenvat credit benefit both amount, which provider is paid service tax, and receiver is paid direct department, bot amount you get cenvat credit
Annu Agarwal
(Expert)
03 January 2014
Sir
The service receiver liable to pay service tax under reverse charge cannot use the cenvat credit for paying the same.He has to pay the servic tax in cash
Explantion to subrule 4 of Rule3 of CCR,2004.
But the portion of service tax paid by service receiver under Rcm can be used as cenvat credit by the same,once its paid.
reference:Subrule 7 of Rule 4 of CCR,2004.
The service receiver liable to pay service tax under reverse charge cannot use the cenvat credit for paying the same.He has to pay the servic tax in cash
Explantion to subrule 4 of Rule3 of CCR,2004.
But the portion of service tax paid by service receiver under Rcm can be used as cenvat credit by the same,once its paid.
reference:Subrule 7 of Rule 4 of CCR,2004.
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