CENVAT CREDIT

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..... SIR I AM WORKING IN LIMITED COMPANY AND IN MY COMPANY HAVING NO OUT PUT SERVICE BUT PAYING SERVICE TAX UNDER REVERSE CHARGES MECHANISM AND OTHER INPUT SERVICES . WHETHER I CAN UTILIZE THE CENVAT PAID ON OTHER INPUT SERVICES AGAINST PAYMENT UNDER REVERSE CHARGES MECHANISM. - Reply By JSW CEMENT LIMITED - The Reply = Kindly clarify the status of your company whether it is a manufacturer or not. .....

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..... If its a manufacturer, then you can avail cenvat credit of service tax on input service and utilize it for payment of excise duty. If you are a trader company, the no service tax credit will be available. - Reply By Ganeshan Kalyani - The Reply = Sir, No you cannot pay liability of service tax under reverse charge mechanism through CENVAT Credit. Service tax under RCM is to be paid in Cash. Than .....

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..... ks. - Reply By JSW CEMENT LIMITED - The Reply = Yes service tax on reverse charge has to be paid in cash only. - Reply By AJAY AGRAWAL - The Reply = I would like to add something. Inspite of the fact that the assessee is a manufacturing company, it cant use Cenvat Credit (of ST paid under RCM) on Works Contract Service, Motor Cabs etc. - Reply By JSW CEMENT LIMITED - The Reply = Sir, As u .....

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..... said, Service tax cannot be availed on rent-a-cab but in case of works contract, if the same pertains to repair or maintenance of office building or factory building, machineries etc. the service tax credit can be availed. - Reply By Venkata prasad Pasupuleti - The Reply = Yes agreed with above views - ST liability under RCM shall be paid in cash. - CENVAT CREDIT - Query Started By: - Rajeev .....

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..... Verma Dated:- 9-8-2016 Service Tax - Got 6 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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