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1st time Service tax credit ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2011 We are still under the exempted turnover (less than 10L), & is expecting to cross the same in next month.

From when can we claim the credit for service tax on inputs ?

Means, after we start charging & recovering service tax OR, the input service tax paid in current period, can also be claimed against future ST payments ?

25 January 2011 If the service tax on input has been paid after the date of taxable turnover, input credit may be received.

25 January 2011 Registered your self with service tax and collect service tax and pay your libility.




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