https://www.taxtmi.com/forum/issue?id=111030 Tax paid under the reverse charge mechanism becomes eligible for CENVAT credit only after deposit and requires nexus with the output service; the challan evidences deposit but does not create entitlement. Statutory time limits for claiming credit run from the date of deposit. Interest for delayed payment applies separately to each outstanding liability, so interest is chargeable on the full delayed amounts until paid. en-us Sun, 16 Oct 2016 17:29:36 +0530 Thu, 23 Jan 2025 15:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111030 Tax paid under the reverse charge mechanism becomes eligible for CENVAT credit only after deposit and requires nexus with the output service; the challan evidences deposit but does not create entitlement. Statutory time limits for claiming credit run from the date of deposit. Interest for delayed payment applies separately to each outstanding liability, so interest is chargeable on the full delayed amounts until paid. Discussion-Forum Service Tax Sun, 16 Oct 2016 17:29:36 +0530 https://www.taxtmi.com/forum/issue?id=111030