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TMI BlogReverse MechanismX X X X Extracts X X X X X X X X Extracts X X X X ..... Reverse Mechanism X X X X Extracts X X X X X X X X Extracts X X X X ..... il Cenvat Credit of Service Tax against Works Contact (Manufacturing Unit) paid by recipient as well as provider. Please inform me at earliest. With thanks Samik Reply By Naveed S: The Reply: Sir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , The definition of Input service itself excludes any inuts relating to Works contract and hence input credit would not be available. The relevant provisions are as under: Exclusion clause of Sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 2(l)(ii) of Cenvat Credit Rules states as under: [but excludes],- [(A) service portion in the execution of a works contract and construction services including service listed under clause (b) of s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ection 66E of the Finance Act (hereinafter referred as specified services) in so far as they are used for - (a) construction or execution of works contract of a building or a civil structure or a par ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t thereof; or (b) laying of foundation or making of structures for support of capital goods, except for the provision of one or more of the specified services Reply By Ashutosh Gupta: The Reply: A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s per ST laws, one can avail credit of RCM paid whether as a provider of service or receiver of service. There is no bar on that part. X X X X Extracts X X X X X X X X Extracts X X X X
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