06 August 2010
Input credit should be taken/claimed in the month of July itself and Half yearly return for September should show this amount as pending offset amount. This may be utilised in the month of December.
However, in case there is omission in claiming credit in July, the same may be taken/claimed and utilised in December as well. However, it should not cross over to next financial year to avoid complications.
13 August 2010
As soon as the ST was paid to the client the credit can be availed if otherwise eligible. There is no restriction in utilizing the same in the month of July itself. Receipt of service doesn't matter.
31 August 2010
under the CENVAT Credit Rules, 2004 input service has been defined to mean taxable services used by a provider of taxable service to provide taxable services.
Accordingly, service tax paid on input services can be claimed only in the month of December (ie when the services have been used by the service provider)and not on advance payments (ie in July).
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