Carry Forward of Service Tax Input
This query is : Resolved
01 April 2008
my company has not registerd in service tax till yet.now we r proposing for registration.now Is it possible to accumulate all credits now & take credit when registration process completed ?wht abt if F.Y. change ?
02 April 2008
There is no provision to c/fwd the credit, unles there is a liability on hand.
There is no specfic provision in the act for previous period credit, however there are ample judgement in Cenvat credit rules for excise duty.
It is debateable. But going by the current provisions unless you are registered and providing output service and registered under the act, cenvat credit is not permissible
you may take the credit but do not utilise, then intimate the jurisdictional authorities for such availment and wait for them to respond, if they reject you can debate
There is no specfic provision in the act for previous period credit, however there are ample judgement in Cenvat credit rules for excise duty.
It is debateable. But going by the current provisions unless you are registered and providing output service and registered under the act, cenvat credit is not permissible
you may take the credit but do not utilise, then intimate the jurisdictional authorities for such availment and wait for them to respond, if they reject you can debate
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
- ITR filing obligation due to savings deposit
- ITC availability for BOLERO-HILUX (HIGH AT, M1G) HLXX0
- Joint Account Closure
- Can Stamp duty taken as a expense
- NRI as second account holder of resident account
- To Keep Records
- Xerox mechine AMC ITC available
- TDS-Fixed assets
- TDS Payment Single Payment
- Applicability of Ind AS on wholly owned subsidiary company (incorporated overseas)
- Royalty TDS for brass
- Regarding filing of appeal before high court against the order passed by Tribunal
- Spl02 waiver of interest and penalty
- Regarding Claim of ITC of FY 2020-21
- Form inc-24
- Regarding EPR Obligation Charges
- How to make any party sales or purchase recociliation
- E invoice mandatory for taxable value in a year 15 lakhs where as aggregate turnover is 6 crores
- TDS deduction.
- Regarding TDS deduction before 15CA filing
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
