I need a clarificaiton on availment of Cenvat on payment of advance.
In this case Company A (Service Provider) has raised a Invoice to Company B (Service Receiver) for Rs.100000 plus Rs.10300 (Service Tax)for service to be rendered in next six months from the date of payment. Company B made the payment on 1/10/2010. My quary is whether Company B avail the credit of Rs.10300 in the month of October or it will proportionate of the service receivable in next six month.
CAclubindia
