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Whether service reciever can take the cenvat credit of his liability?
Replies (3)
Input services you can take credit. for egg. if you are a manufacturer you hav to pay rcm for manpower 100% that you can take credit on next month.
Labour charges is under manpower?
Dear Vatsal,
I want to draw your attention on Proviso to Rule- 4(7) which says and I quote,
Provided that in respect of input service where whole or part of the service tax is liable to be paid by the recipient of service, credit of service tax payable by the service recipient shall be allowed after such service tax is paid.
Therefore, the credit can be taken on payment basis.
Hope, above information serves your purpose.
I want to draw your attention on Proviso to Rule- 4(7) which says and I quote,
Provided that in respect of input service where whole or part of the service tax is liable to be paid by the recipient of service, credit of service tax payable by the service recipient shall be allowed after such service tax is paid.
Therefore, the credit can be taken on payment basis.
Hope, above information serves your purpose.
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