Input service tax credit if assesse failed to file the return in due time
This query is : Resolved
06 July 2007
A manufacturer who is liable to pay Excise duty and is regularly taking cenvat credit on input has failed to take Cenvat credit on Input services since last 18 month as it was not aware of that.
Since it has failed to take the credit can he do so now. If yes then how and what is the possible consequence.
Regard
Anand Singh
Since it has failed to take the credit can he do so now. If yes then how and what is the possible consequence.
Regard
Anand Singh
06 July 2007
The Service tax credit can be taken for the past 18 months. As in the Cenvat Credit Rules, there is no time limit specified for taking cenvat credit. But you will have to ensure that the service tax credit is of ths said period does not fall before 10.09.2004. As cenvat credit of service tax is admissible only from 10.09.04.
06 August 2007
Dear Sir
There is some technical issue therein. Since the returns filed hitherto did not contain any data about the service tax credit in all these 18 months, your AO may deny to accept your 'sudden' claim.
Yet please try the same after intimating in writing to your jurisdictional AO.
There is some technical issue therein. Since the returns filed hitherto did not contain any data about the service tax credit in all these 18 months, your AO may deny to accept your 'sudden' claim.
Yet please try the same after intimating in writing to your jurisdictional AO.
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- 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
