Cenvat credit
This query is : Resolved
10 April 2012
My client is a Bank and it has rental premises.
In Financial Year 2009-10 the landlord did not charge Service tax on the Rent due to high court order.
In the Financial Year 2011-12 the landlord give a letter to pay additional payment towards arrears of service tax for 2009-10 and the bank paid so in 2011-12.
"Now the question is cenvat credit for service tax paid for 2009-10 in 2011-12 will be available to the bank in 2011-12"
In Financial Year 2009-10 the landlord did not charge Service tax on the Rent due to high court order.
In the Financial Year 2011-12 the landlord give a letter to pay additional payment towards arrears of service tax for 2009-10 and the bank paid so in 2011-12.
"Now the question is cenvat credit for service tax paid for 2009-10 in 2011-12 will be available to the bank in 2011-12"
11 April 2012
Dear sir.
If Bank has been paying Service Tax during 2009-10, yes, Bank can very well avail CENVAT Credit. Landlord need to raise supplemewntary bill, indicating rates to be charged (inclusive of Service Tax) less rate already charged in earlier invoice.
If Bank has been paying Service Tax during 2009-10, yes, Bank can very well avail CENVAT Credit. Landlord need to raise supplemewntary bill, indicating rates to be charged (inclusive of Service Tax) less rate already charged in earlier invoice.
11 April 2012
Yes. Agree with Expert. The Landlord has to give Supplementary bill else the Bank cannot claim CENVAT Credit.
11 April 2012
The experts are correct and they have given you the proper reply to your query
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
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- GST Regis.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- 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?
Trending Online Classes
CAclubindia
