20 December 2013
Sir, Please help me in following case
I am a service provider I have input CENVAT credit of 12000/- Rs. I have provide a service which fall under reverse charge mechanism of RS 1,00,000/-. on which i am liable to pay 4944/- Rs. can i utilize CENVAT Credit for this liability and claim balance 7056/- (12000-4944) as refund