under reverse charge mechanism , ultimately the 100 % service tax liability is of the receiver only , he pays 40% to service provider on invoice raised by him, and 60% directly to government , take as an example????????
how much cenvat credit will a receiver and provider take under reverse charge mechanism , is receiver eligible to take full 100% credit , as he is bearing complete service tax liability , 40% paying to service provider and 60% directly to government.
CAclubindia
