Cenvat Credit for the ST paid under RCM

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..... Cenvat Credit for the ST paid under RCM
Query (Issue) Started By: - Mahendra Lakide Dated:- 16-7-2015 Last Reply Date:- 18-7-2015 Central Excise
Got 3 Replies
Central Excise
Dear Sir/Mada .....

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..... m, whether the Service Tax paid by the Service Receiver under RCM (Ex: GTA services Received by the Manufacture of Taxable goods by the Manufacturer under Central Excise act) can avail the Cenvat cre .....

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..... dit ? if Yes what is the provision and notification no as per the Cenvat Credit Rules ? Reply By CS SANJAY MALHOTRA: The Reply: Dear, Please refer to Rule 4(7) of CENVAT Credit Rules 2004, which pr .....

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..... ovides for admissibility of CENVAT Credit in case of RCM. CENVAT Credit in case of Service Tax paid under RCM is available after the Service Tax payment has been made by the Service receiver. Refer t .....

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..... o Rule 4(7) in recently amended Notification No. 21/2014-CE(N.T) dated 11.07.14 & Notification No. 06/2015-CE(N.T) dated 01.03.2015 Reply By Mahir S: The Reply: Yes sir, input service credit for the .....

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..... payment made under reverse charge mechanism can be availed and then utilized, as explained above. Reply By Mahendra Lakide: The Reply: Thank you sir
Discussion Forum - Knowledge Sharing .....

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