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Cenvat credit

This query is : Resolved 

24 July 2014 can service tax credit be taken immidiately on receipt of invoice.if not then what accounting treatment to be done on receipt of invoice.

25 July 2014 yes it can be taken immediately on receipt but payment of service tax and service value to be paid within 3 months to the service provider, otherwise reverse the credit

25 July 2014 yes it can be taken immediately on receipt but payment of service tax and service value to be paid within 3 months to the service provider, otherwise reverse the credit




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