https://www.taxtmi.com/forum/issue?id=109853 Cenvat credit arises where a service invoice records the full service charge and tax but the recipient withholds part of the contract price; the person bearing the burden of tax may claim credit of the service tax shown on the invoice because tax is payable on the gross amount charged. A compliance concern is that delayed payment of the invoice amount plus service tax may trigger an obligation to discharge equivalent tax or reverse earlier cenvat credit under the applicable cenvat compliance mechanism. en-us Wed, 10 Feb 2016 12:58:07 +0530 Thu, 23 Jan 2025 15:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109853 Cenvat credit arises where a service invoice records the full service charge and tax but the recipient withholds part of the contract price; the person bearing the burden of tax may claim credit of the service tax shown on the invoice because tax is payable on the gross amount charged. A compliance concern is that delayed payment of the invoice amount plus service tax may trigger an obligation to discharge equivalent tax or reverse earlier cenvat credit under the applicable cenvat compliance mechanism. Discussion-Forum Service Tax Wed, 10 Feb 2016 12:58:07 +0530 https://www.taxtmi.com/forum/issue?id=109853