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Cenvat credit on reverse charge of service tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 April 2014 A company received Service tax on Sale of Residential Flat.They also receive work contract service by civil contractor & electrical contractor. They also paid service tax to the contractor & paid to department on reverse charge.Can they avail credit the paid service tax to contractor & on reverse charge. If company received Rs. 50000/- as service tax for sale of flat and paid service tax rs. 10000/- on work contract service to Contractor & Rs. 10000/- to department on reverse charges. How much they depoit the service tax of Rs. 50000/-. Please clear my doubt.
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Sandeep Mangal Agarwal

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Sandeep Mangal Agarwal (Expert)
22 April 2014 Rs. 40,000

This benefit will be available only in case where the Service Receiver also provides service same as of Service Provider provides him , which he received as input services.

Thx.
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