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Input tax credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 March 2015 Dear expert
a event management company received cab service from individual service provider and paid tax (by service receiver on 40% ) now i want to ask receiver can take input tax credit on other service, i have confusion about that if company takes abatement of 60% then they can' t take any input credit or only on that portion of service tax on which abatement taken
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TKKKKKK

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TKKKKKK (Expert)
11 March 2015 Service receiver can take cenvat credit and utilize service tax paid on reverse charge mechanism fully.
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