16 December 2014
If i have balance input credit of Rs 1200000/- in my service tax return filed in Oct 2014 and i know that i ll have no other output services till Dec 2015 then what should i do??
16 December 2014
Newly inserted proviso to Rule 4(7) provides that the manufacturer or the provider of output service shall not TAKE CENVAT credit after six months of the date of issue of any documents specified in sub-rule (1) of rule 9.
Accordingly the limit specified is for AVAILING CENVAT credit & NOT for utilizing it.