Dear sir,
We are paying Service tax as a service provider on 'Renting of Immovable property' and we are paying Service tax under Reverse charges mechanism also for major amount under Manpower and service tax on setting fees.
Cenvat credit can we take and adjust in Service tax
Regards,
Kiran Kumar
Inquiry on Cenvat Credit Eligibility for Service Tax on Rented Property and RCM for Manpower Services Explained A service provider inquired about the eligibility to take and adjust Cenvat credit for service tax paid on 'Renting of Immovable Property' and under the Reverse Charge Mechanism (RCM) for manpower services and setting fees. Two respondents confirmed that Cenvat credit could be taken. One explained that service tax under RCM must be paid in cash, and credit can be availed based on the challan or e-receipt, which serves as a valid document for claiming the credit. (AI Summary)
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