TaxTMI 
TaxTMI 
CENVAT CREDIT
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....ENVAT CREDIT<br> Query (Issue) Started By: - Rajeev Verma Dated:- 9-8-2016 Last Reply Date:- 11-9-2016 Service Tax<br>Got 6 Replies<br>Service Tax<br>SIR I AM WORKING IN LIMITED COMPANY AND IN MY COMPANY HAVING NO OUT PUT SERVICE BUT PAYING SERVICE TAX UNDER REVERSE CHARGES MECHANISM AND OTHER INPUT SERVICES . WHETHER I CAN UTILIZE THE CENVAT PAID ON OTHER INPUT SERVICES AGAINST PAYMENT UNDER REVE....
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....RSE CHARGES MECHANISM. Reply By JSW CEMENT LIMITED: The Reply: Kindly clarify the status of your company whether it is a manufacturer or not. If its a manufacturer, then you can avail cenvat credit of service tax on input service and utilize it for payment of excise duty. If you are a trader company, the no service tax credit will be available. Reply By Ganeshan Kalyani: The Reply: Sir, No yo....
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....u cannot pay liability of service tax under reverse charge mechanism through CENVAT Credit. Service tax under RCM is to be paid in Cash. Thanks. Reply By JSW CEMENT LIMITED: The Reply: Yes service tax on reverse charge has to be paid in cash only. Reply By AJAY AGRAWAL: The Reply: I would like to add something. Inspite of the fact that the assessee is a manufacturing company, it cant use Cenva....
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....t Credit (of ST paid under RCM) on Works Contract Service, Motor Cabs etc. Reply By JSW CEMENT LIMITED: The Reply: Sir, As u said, Service tax cannot be availed on rent-a-cab but in case of works contract, if the same pertains to repair or maintenance of office building or factory building, machineries etc. the service tax credit can be availed. Reply By Venkata prasad Pasupuleti: The Reply: ....
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....Yes agreed with above views - ST liability under RCM shall be paid in cash.<br> Discussion Forum - Knowledge Sharing ....