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ST RCM and CENVAT CREDIT

Service Tax - Started By: - Bijay Shrestha - Dated:- 16-10-2016 Last Replied Date:- 25-10-2016 - A company has following liability as on 31.03.2016: Service Tax Payable (Other than RCM) = ₹ 5,00,000/- Service Tax payable on RCM = ₹ 2,00,000/-. Both these liabilities not paid till date. Now the Company wants to pay but the Company wants to pay first RCM liability and take credit of that amount to pay ST Payable of ₹ 5,00,000/- and Rest pay in cash/bank. Credit of RCM is availabl .....

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he input service should have nexus with the output service provided. - Reply By Ganeshan Kalyani - The Reply = The challan is the document based on which credit can be taken. It does not determine the eligibility of the credit. Thanks. - Reply By Bijay Shrestha - The Reply = But Interest on full ST payable (Other than RCM ) has to be paid right?? - Reply By Rajagopalan Ranganathan - The Reply = Sir, In respect service tax payable on RCM the date on which the service tax is paid into government A .....

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