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Utilization of credit under reverse charge mechanism

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2013 Dear Experts,

Can cenvat credit be utilized,

1. If ST is paid to service authority,say 12.36
2. Only invoice is booked and not paid to vendor. say 100

Regards

Sachin



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CA Parul Saxena

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CA Parul Saxena (Expert)
08 July 2013 Yes can be claimed.
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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2013 Hi,

If it is under partial reverse charge and the vendor is one time i and did not pay him the amount, can still be cenvat utilised ?
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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2013 Adding more,

The amount deposited to government is 50% and I utilised the credit, not paid to vendor. Still can I claim ?

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