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Credit of input service in reverse charge on wc


Mayur (Article)     07 August 2012

Mayur
Article 
 25 points

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I, a Pvt Ltd Company is paying Service Tax on 50% of input service tax directly to the government. My question is whether I will get CENVAT Credit on the portion of Service Tax paid by me against Service Tax payable by me on Output Services

avater

CA Unnikrishnan Nair N (Chartered Accountant)     08 August 2012

CA Unnikrishnan Nair N
Chartered Accountant 
 225 likes  2083 points

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You are eligble for cenvat credit on 50% tax paid by you and 50% tax paid by the service provider. But the service shall qualify as input service as per CCR. If it is a constrcution service for setting up, it may not qualify. If it relates to repairs or maintanance, the credit is admissible.


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