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
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Service tax credit applicability
Replies (1)
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.
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