Payment under new reverse charge machanism for wct

CA Akshay Yetiwar (ca) (254 Points)

11 June 2012  

Gm all,

I have a query regarding the payment of service tax to the extent of 50 % of service tax under Works contract service w.e.f. 01 july 2012. Her as per notification no.15/2012 of service tax dated 17/3/2012 they have said that the service receiver is liable to pay 50 % of the service  tax under WCT. 

So my question is can the service receiver utilise Cenvat credit for the payment of service tax to the tune of 50 % (which is Service receiver's share ) under WCT.