Reverse charge
This query is : Resolved
Aditi Dosi
(Querist)
29 May 2014
I want to ask that in reverse charge under service tax can service receiver can take credit under cenvat and if not then why????
Please answer
thanks in advance
CA DEEPAK S K
(Expert)
30 May 2014
In accordance with rule 4(7)of Cenvat credit rules you cannot use credit for reverse charge liability you will have to pay in cash and later on utilise the credit, if eligible.
Rupesh Jain
(Expert)
30 May 2014
under reverse charge system if you pay any tax then you can take credit after payment.
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