Cenvat credit on reverse charge

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..... Sir we have taken a service under works contract.Invoice is raised by SP on 24-09-2016 for 50 % payment we have made payment on 31 march 2017,we have not paid our 50 % payment on GR-7 till date due .....

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..... to some issue. Now i want to ask that can we eligible for avail cenvat credit on SP bill where we have paid amount with Service tax and what about 50 % GR -7 payment credit on it can paid in late .....

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..... r date and avail cenvat credit. Rgds Yateen vyas - Reply By Himansu Sha - The Reply = Yes you can take the credit on sp bill as this is a document under rule 9 of CCR . After you make the .....

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..... payment for the rest amount you will take the credit because you cannot generate the challah if you do not pay. - Reply By Himansu Sha - The Reply = To append to my earlier reply, you can past the .....

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..... amount later on for the rest amount, the bar of oner year will be counted from the date of the document. - Reply By yateen vyas - The Reply = In reverse charge there is 180 days clause for payment e .....

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..... ither crdit has to reversed so it will apllicable to SP bill or on challan - Reply By Himansu Sha - The Reply = This is when you do not pay and take the credit. - Cenvat credit on reverse charge - .....

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..... Query Started By: - yateen vyas Dated:- 29-4-2017 Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - .....

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..... taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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