as you know that as per new notification of services tax . from 1st july 2012 service receiver have to deposit 75% on certain services
we are receiving services of man power supply( labours) we have to deposit 75% service tax on it remaining 25% s. tax will be deposited by service providers
can we take cenvat input credit on service tax paid by us ( 75%)
08 July 2012
Yes.Whatever you pay as CENVAT on reverse charge basis or Partial Charge basis is available for CENVAT the month in which you make payment to service providerv. But you have to make payment to service provider within six month.
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