Service tax paymend on reverse charges basis is avail credit

This query is : Resolved

ROHIT METTU (Querist)
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25 October 2016
Dear Sir,
Service Tax paymend on reverse charges basis is avail credit on Input CENVAT Service tax in ER-1 towards payment of service tax on reverse charge mechanism.

Pls help me to resove my problem

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 October 2016 Yes cenvat credit can be availed in ER 1 for service tax paid under reverse charge.

ROHIT METTU

ROHIT METTU (Querist)
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25 October 2016 Thank You Sir

also i need help for
in the last year i have a cenvat credit of service tax amount of rs. 69,01,120/-
now in the current year i have to pay service tax on reverse charge basis amount of rs. 12,50,200/-
shall i pay amount of Rs. 12,50,200/- or shall i have to adjust in the balance of last year cenvat credit of service tax?
it is possibal to adjust current year payable amount to adjust against last year balance?
Thanking you

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 October 2016 Service tax under reverse charge has to be paid can't be adjusted against cenvat credit

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