Cenvat credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2014
Dear Sir/Mam,
i have not taken cenvat credit of service tax paid and i have paid the service tax amount.Can i claim that input credit as my IT return is not yet filed.If yes Please Specify the Rule Or ACT.
i have not taken cenvat credit of service tax paid and i have paid the service tax amount.Can i claim that input credit as my IT return is not yet filed.If yes Please Specify the Rule Or ACT.
02 August 2014
At present there is no time limit for utilizing the input service tax credit.If you hav not taken the cenva credit in previous months,you can take the same now and adjust it against your service tax liability on output services.
Please refer the case law of Vijayanand Roadlines Vs CCE
Please refer the case law of Vijayanand Roadlines Vs CCE
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2014
That means I can decrease the amount of expenses and show the amount of input credit as a part of current assets which can be claimed in F.Y 2014-15 even though the input was on the services that I received for the period in F.Y 2013-14. Am I right?
02 August 2014
Yes ,you got it right.
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