17 September 2016
I am working in NBFC. During the last month I had wrongly paid Service tax under RCM and as per the provision of Service tax Financial institution is allowed to avail only 50% cenvat credit. My question to you is that whether I should take 100% input credit on wrongly paid Service tax under RCM or not ?? I am doubtful so please suggest how to deal with it ??
CAclubindia
