Can an assessee set off CENVAT credit of service tax paid against its liability to pay service tax under Reverse Charge Mechanism? Please advise urgently.
2 Replies
VIKASH KUMAR JAIN
(Audit Executive)
(711 Points)
Replied 03 December 2013
No.Under RCM, liability to service tax needs to be paid in cash.No cenvat credit can be utilised to pay same.....
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