Cenvat credit on reverse charge mechanism
This query is : Resolved
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.
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
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
