cenvat credit in case of reverse charge mechanism

538 views 3 replies
when anyone is entitled to take credit of service tax paid under reverse charge mechanism.
Replies (3)
In case of full reverse charge mechanism:

as soon as he paid liability of service tax

In case of partial reverse charge mechanism:

portion of service provider can be claimed as soon as he receives the invoice

portion of service receiver can be claimed as soon as he paid his portion of liability

REPEAT YOIUR QUARRY ONCE AGAINS WITH EXMPLE

For availing credit on Rcm you need to refer rule 4(7) of Cenvat Credit Rule


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register