Dear Members,
We are taking Security & Manpower Services at Factory from a proprietership agency and paying service tax under reverse charges my query is
Can we take Cenvat Credit and utilize it with output excise duty if we pay Service Tax at 15% i.e. without taking any abatement.
Please guide me with reference rule.
Thanking you,
Regards
Ajeet Singh
You can take Cenvat Credit only after you have paid the amount of Service tax on reverse charge basis. Please refer sub rule 7 of Rule 4 of Cenvat Credit Rules, 2004
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