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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- Putting a heading on received mail
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Consolidated financials
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
