Dear All,
I have paid service tax on Import of service under RCM, but i have not paid the principal amount to Foreign party. can i take the cenvat credit on the basis of service tax paid under RCM.
please advice on above.
sachin
Dear All,
I have paid service tax on Import of service under RCM, but i have not paid the principal amount to Foreign party. can i take the cenvat credit on the basis of service tax paid under RCM.
please advice on above.
sachin
Yes u can take CCR of service tax paid under full RCM even if u hv not paid the value of services .
However in case of Partial RCM unless u pay the value of services AND service tax u cannot claim the CCR as per amendment made in Finance Act (no. 2) 2014.
Naveen Fintech Pvt Ltd
Kolkata
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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