Whether st on dir com is eligible of input ser credit?

Dear Sir / Mam,

 

Can any one say, whether a company pays Service tax on Directors Commission / Sitting Fees on reverse charge basis is eligible for taking the same as Input Service Credit.

If the answer is affirmative, i request you to give the justifications.

 

Regards,

R.Muthuraj

Replies (1)

Yes, you can avail cenvat credit but only after you pay the tax in cash.

Thanks,

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