availling of input credit on service tax
This query is : Resolved
07 July 2011
we are the manufacturer and ssi unit. we have crossed 1.5 crore limit in end of dec2011.we are paying service tax on telephones,internet,advt charges etc.we not availed credit last year,from this current year we started to pay ist invoice on wards .we are intened to take for the bills from jan 2011 on wards. since the bills are last financial year i would like to know how to pass the entries of previous year bills service tax . kindly advice
Thanks
V.Ravi
Thanks
V.Ravi
08 July 2011
The rules does not prevent you from availing the service tax credit credit for the last financial year bills. Make the entries in the current month Annexure 10 statement and avail the credit, provided that you should have paid the service tax on those bills.
08 July 2011
Hi,
During the current month, you can credit the concerened Expenditure head (i,.e. Advertisement,Telephone, Internet etc) and Debit to Cenvat/Servie Tax Receivable A/C.
During the current month, you can credit the concerened Expenditure head (i,.e. Advertisement,Telephone, Internet etc) and Debit to Cenvat/Servie Tax Receivable A/C.
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
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Offsetting interest income against derivative trading losses
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Application of 115BAC
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
