INPUT CREDIT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2010 SIR
I HAVE A COMPANY WE PROVIDE 2 SEPERATE SERVICES.

1. THERE IS AN INPUT CREDIT OF RS 40 FOR 1ST SERVICE IN THE END OF THE MONTH.

2 THERE IS AN AMOUNT OF RS 100 PAYABLE FOR 2ND SERVICE IN THAT MONTH.

NOW THE QUESTION IS WHETHER WE CAN ADJUST THE INPUT CREDIT OF RS 40 AND PAY ONLY RS 60 FOR THE SECOND SERVICE.

Ca Aashish Upadhyay

Ca Aashish Upadhyay (Expert)
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28 June 2010 YES

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2010 Thank you Sir. But the department says you can not adjust this. So is there any rule or section to justify our stand on this adjustment.

Thanking You

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Shyam Lal Naik

Shyam Lal Naik (Expert)
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29 June 2010 The department's stand is not supported any law.