TaxTMI 
TaxTMI 
Cenvat credit on reverse charge
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....envat credit on reverse charge<br> Query (Issue) Started By: - yateen vyas Dated:- 29-4-2017 Last Reply Date:- 29-4-2017 Service Tax<br>Got 4 Replies<br>Service Tax<br>Sir we have taken a service unde....
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....r works contract.Invoice is raised by SP on 24-09-2016 for 50 % payment we have made payment on 31 march 2017,we have not paid our 50 % payment on GR-7 till date due to some issue. Now i want to ask ....
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....that can we eligible for avail cenvat credit on SP bill where we have paid amount with Service tax and what about 50 % GR -7 payment credit on it can paid in later date and avail cenvat credit. Rgds ....
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.... Yateen vyas Reply By Himansu Sha: The Reply: Yes you can take the credit on sp bill as this is a document under rule 9 of CCR. After you make the payment for the rest amount you will take the credi....
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....t because you cannot generate the challah if you do not pay. Reply By Himansu Sha: The Reply: To append to my earlier reply, you can past the amount later on for the rest amount, the bar of oner yea....
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....r will be counted from the date of the document. Reply By yateen vyas: The Reply: In reverse charge there is 180 days clause for payment either crdit has to reversed so it will apllicable to SP bill....
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.... or on challan Reply By Himansu Sha: The Reply: This is when you do not pay and take the credit.<br> Discussion Forum - Knowledge Sharing ....