TaxTMI 
TaxTMI 
Cenvat Credit in case of Reverse Charge Mechanism
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....envat Credit in case of Reverse Charge Mechanism<br> Query (Issue) Started By: - Dhirendra Srivastava Dated:- 3-10-2010 Last Reply Date:- 13-10-2010 Service Tax<br>Got 3 Replies<br>Service Tax<br>Dear Professional colleagues, My Query is regarding Payment of Service Tax Under Reverse Chage Method. I can understand that Service in relation to which Service Tax under reverse charge is paid cannot ....
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....be treated as output service, But can we treat it as input service. For examsple can we use the Service Tax paid under reverse charge for payment of Service Tax? Excise Duty. Reply By Sucheta Agrawal: The Reply: Dear Mr. Dhirendra, Your query is not very clear, about ur asking. but the things which i hv understood is that " can we use the Service Tax paid under reverse charge for payment of Ser....
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....vice Tax"? Thus my answer is in your favour bcz payment of service tax under reverse charge method treated as the same as originally payment of service tax. thus u can take credit if u make any payment through reverse charhe method. Reply By maharajan ganapathi: The Reply: Dear Dhiruji, It is as simple as that instead of the service provider collects service tax from the service receiver and r....
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....emit the same to the Government account the same work is beong carried out by the servicer receiver himself, being the other concepts are same. therefore it is rightly be treated as input service credit and can be utilised accordingly interms of the provisions of Cenvat Credit Rules. Reply By Surender Gupta: The Reply: Yes, the service being received from outside India and service tax is being pa....
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....id the recipient of services under reverse charge method, would be Input Service if it is used for providing output services or satisfies the other conditions of Cenvat Credit Rules, 2004.<br> Discussion Forum - Knowledge Sharing ....