Carryforward of Cenvat credit
This query is : Resolved
18 December 2009
One of my claint is having service tax registration.As a service provider one year he is having taxable turnover and one he is not having taxable turnover.Even if he is not having taxable turnover is it possible to carryfoward cenvat credit.Is there any time limit to carry forward the Cenvat credit.Kindly clarify.
19 December 2009
Yes, he can carry forward the Cenvat since the registration is active. The tax liability is consequent to the volume of business, it make no difference for cenvatability status.
Regards
Regards
20 December 2009
cenvat credit can be carried forward only if the tax is paid on output services, if you are small service provider or enjoing composition scheme that no cenvat credit
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
