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Service tax

This query is : Resolved 
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(Querist)
29 August 2014 Dear All,

TIME LIMIT FOR AVAILMENT OF CENVAT CREDIT -
RULE(4)1 (FOR INPUT CREDIT) & RULE 4(7) (FOR INPUT SERVICE CREDIT) ARE BEING AMENDED IN ORDER TO FIX A TIME LIMIT OF SIX MONTH FOR AVILMENT OF THE CENVAT CREDIT. IN CASE OF SERVICE TAX PAID UNDER FULL REVERSE CHARGE THE CONDICTION OF PAYMENT OF INVOICE VALUE TO THE SERVICE PROVIDER FOR AVAILING CREDIT OF INPUT SERVICES IS WITHDRAWN. HOWEVER, THE SAID CHANGE IS NOT APPLICABLE IN RESPECT OF PARTIAL REVERSE CHARGE.

DON'T UNDERSTAND ABOVE ST CHANGES IN BUDGET 2014

PLEASE EXPLAIN WHAT IS MEANING OF ABOVE STATEMENT. CONFUSED BETWEEN FULL REVERSE CHARGE & PARTIAL REVERSE CHARGE...?

THANKING YOU!
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Annu Agarwal

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Annu Agarwal (Expert)
01 September 2014 Under Full reverse charge cenvat credit can be taken even if just the service tax is paid whereas in case of partial reverse charge cenvat credit can be taken only after the payment of value of services AND service tax.
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