ONE OF MY CLIENT HAS NOT AVAILED THE INPUT TAX CREDIT OF SERVICE TAX UNDER REVERSE CHARGE MECHANISM,IS HE ALLOWED TO AVAIL IT IN SECOND QUARTER ON CUMULATIVE BASIS i.e,FOR BOTH QUARTER AT ONE TIME...........PLEASE REPLY ITS URGENT.
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Cenvat credit under reverse charge mechanism
Replies (8)
Normally cenvat credit cannot be availed on service tax paid under reverse charge mechanism.
Ya bro CCR can be availed by as per CCR,04
Yes. Cenvat credit can be availed at any time. There's no time limit prescribed.
As per Rule 9(1)(e) of CCR,2004 Cencvat credit of ST paid on reverse chrge can be taken and utilised for paying ST and Central excise. and there is no time limit prescribed for taking and utilisng the same......so credit will not lapse and can be taken now consolidatedly........
As per Rule 9(1)(e) of CCR,2004 Cencvat credit of ST paid on reverse chrge can be taken and utilised for paying ST and Central excise.....and credit will not lapsed even if not taken immedaitely ....aad can be taken in next qtr or any time...
Agree with saurabh maheswari can take cenvat credit once the service tax under RCM is paid.
Yes credit can be taken. Document to be used for credit will be Gar 7challan.
Can we claim refund of Service Tax paid under RCM
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