Reverse charge
This query is : Resolved
06 September 2014
can cenvat credit of reverse charge be used after paying service tax on reverse charge
06 September 2014
Yes, Service tax in RCM you can taken the credit as per Rules.
06 September 2014
Important Points in Reverse Charge Mechanism:
1) Service Tax under reverse charge has to be paid only by cash vide GAR Challan No. 7 and it cannot be paid by way of utilization of Cenvat Credit.
2) Once paid, Cenvat credit can be taken for paying eligible input service.
1) Service Tax under reverse charge has to be paid only by cash vide GAR Challan No. 7 and it cannot be paid by way of utilization of Cenvat Credit.
2) Once paid, Cenvat credit can be taken for paying eligible input service.
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