Menu
Rcm
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.
Recent Topic
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
Related Topics
CAclubindia
