How the procedure of cenvat credit is applicable in case of reverse charge? Whether it can be set off under the reverse charge itself?
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Cenvat credit on reverse charge
Replies (1)
Dear Arti,
The credit of tax paid by the service recipient under partial reverse charge would be available on the
basis on the tax payment challan. It cannot be sett of under reverse charge itself. First you should pay the service tax under revese charge and then get the credit of service tax paid against your tax payble on output service.
Go through the follwoing Guidence notes issued by the Dept for further clarifications:
Regards
Vinod
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