We paid Service Tax of 5,000 under reverse charge mechanism, where we received service from our lawyer..
My query are we able to take 5000 as Input credit.
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prithviraj mohandoss (Finance associates) (143 Points)
25 February 2013We paid Service Tax of 5,000 under reverse charge mechanism, where we received service from our lawyer..
My query are we able to take 5000 as Input credit.
CA CS SUMIT GUDDEWAL
(Employed)
(297 Points)
Replied 25 February 2013
there is no restriction on taking of cenvat credit in reverse charge mechanism
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India