Under Works Contract, the service receiver can take creidt of S.tax paid, Service Tax

[Anil Kumar]

Dear Sir,

We have a works order contract with an x company, we come under the service receiver category and as per the Reverse charge mechanism We paid the necessary service tax for the year 2014-15, can we avail the Cenvat credit of the amount paid.

Regards

Aneel Kumar M

Posts / Replies

[Rajagopalan Ranganathan]

Sir,

The answer is "yes" provided you take the credit within one year from date of payment of the tax under RCM.

[MARIAPPAN GOVINDARAJAN]

Sir, whether one year time limit is applicable to RCM cases also?