dear sir,
we are manufacturer and taking man power service for labour work from contractor (proprietor).
contractor charges us labour charge and 25% service tax under partial reverse charge in his bill on monthly basis against providing man power service .
now our question is that when can we take credit of the same 25% service tax which was charged by contractor (1) immediately on received bill from contractor (2) on or after the payment made of the said bill ?
CAclubindia
