Service tax on reverse charge mechanism
This query is : Resolved
nitin rajiv rane
(Querist)
03 September 2013
Service tax paid on reverse charge mechanism can be utilised by service recipient as CENVAT credit? Can it be claimed by him as refund if not claimed as CENVAT credit?
Please quote appropriate rule or section for your explaination.
Please quote appropriate rule or section for your explaination.
Arun Kumar Singh
(Expert)
03 September 2013
Yes, Service tax paid by recipient under reverse charge system can take the cenvat credit of duty paid output services or goods. if goods and services are exported then claim for refund.
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nitin rajiv rane
(Querist)
05 September 2013
If the service receiver receives input services and pays service tax on the same under reverse charge then can he utilised it as cenvat credit? (Irrespective of partial or total reverse charge)
Arun Kumar Singh
(Expert)
05 September 2013
Yes, he can utilised as a input service.
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CA Suresh Jain
(Expert)
06 September 2013
But, can not utilise for the payment of service tax liability under RCM
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