04 January 2017
Pls advise whether Cenvat is eligible in below :-
Works Contract Service where Reverse Charge Mechanism is applicable. Accordingly, 50% service tax is paid by service provider and 50% Service tax is paid by service receiver...
Kindly provide for Cenvat eligibility in above Transaction
05 January 2017
Input on Reverse Charge can be claimed only to the extent it is paid by us. So in the given case, the Service receiver will be able to claim 50% paid under Reverse charge in next month as Input.
CAclubindia
