Input service tax adjusted against excise duty payment
This query is : Resolved
29 May 2015
Dear Sir,
can you explain in details adjustment of input service tax against payment of central excise duty & what is the process to adjust the input service tax & time bound for service tax credit.
can you explain in details adjustment of input service tax against payment of central excise duty & what is the process to adjust the input service tax & time bound for service tax credit.
29 May 2015
You can pay the excise duty from input service but input services should be used in the manufacturing of final product. The duration of taking cenvat credit is one year from the date of issue of invoice.
29 May 2015
1)input service is taken for advertisement,telephone bill,commission bill on cc loan & rent of the factory of the product.
2)for the month of dec-14 we forgot to take adjust of all the input service tax bill,can we now adjust remaining input service bill against excise duty payment for the month of may15, (note-advertisement bill is not yet paid to the vendor)
2)for the month of dec-14 we forgot to take adjust of all the input service tax bill,can we now adjust remaining input service bill against excise duty payment for the month of may15, (note-advertisement bill is not yet paid to the vendor)
29 May 2015
Dear Sanjit Ji,
You can take the cenvat credit of all these services but you should consult with any professional.
You can take the cenvat credit of all these services but you should consult with any professional.
30 May 2015
W/O MAKing payment of bill you cannot take service tax input.
30 May 2015
if the input service bill dtd-31.12.2014 & the bill paid dtd-20.5.2015 then when we can take the credit of input service against excise duty.
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