Cenvat credit on reverse charge mechanism
This query is : Resolved
10 December 2015
whether a manufacturing company can take cenvat credit on service tax under reverse charge mechanism as the company is also provided exempted services ..does it make any differences.....because nowhere is mentioned in service tax rules about this situation.
CA R SEETHARAMAN
(Expert)
10 December 2015
No cenvat credit can be taken on input services utilized for providing exempted service.
11 December 2015
But sir input service under reverse charge is not directly related to exempted services.....
CA R SEETHARAMAN
(Expert)
11 December 2015
Then does it directly relate to manufacturing.
11 December 2015
No its not directly related to manufacturing as the input service is advocate fees where we paid service tax under reverse charge mechanism
CA R SEETHARAMAN
(Expert)
11 December 2015
Cenvat credit can be taken on this while paying service tax or excise duty.
11 December 2015
Thanks sir for suggestion, could you provide me some notification or provision where this has been mentioned.
CA R SEETHARAMAN
(Expert)
11 December 2015
See in www.taxguru.in/service-tax/service-tax-legal-services-reverse-charge-mechanisam.html
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