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The CENVAT credit in respect of Input Service shall be allowed,
on or after the day on which the Invoice, Bill or, as the case may be, Challan referred to in rule 9 is received.
Credit to be availed within one year of the date of Invoice
Different Cases
|
Case |
Who Pays Service Tax |
When is CENVAT available to Service Receiver |
|
Normal Charge |
Service Provider charges Service Tax from Service Receiver on Invoice |
When Invoice is received |
|
Reverse Charge |
Service Receiver pays Service Tax directly to Government |
When Service Tax is actually paid by GAR 7 challan by Service Receiver |
|
Partial Reverse Charge |
Partial Amount is paid by service provider And Partial amount by service receiver |
Service Provider Portion When Invoice is received
Service Receiver Portion When Service tax is actually paid by GAR 7 challan by Service Receiver
(New Amendment w.e.f 1.4.2015)
|
Effect of Amendment
|
Before Amendment (before 1.4.2015) |
After Amendment (From 1.4.2015 onwards) |
|
Credit available in case of partial reverse charge on Payment of Party + Payment of challan
|
Credit available in case service tax paid by receiver in case of partial reverse charge on Payment of challan only
|
|
|
|
