11 December 2009
Is the credit of service tax adjustible against cenvat payable if the credit of an expense say for eg Advertisement which is incurred in april and paid in may but credit of service tax paid is still not availed till december? What is the time limit of taking the credit of tax paid on inputs ?
12 December 2009
Is the credit of service tax adjustible against cenvat payable if the credit of an expense say for eg Advertisement which is incurred in april and paid in may but credit of service tax paid is still not availed till december? What is the time limit of taking the credit of tax paid on inputs ?
12 December 2009
You can take the credit now. No problem if you have not taken it in May. Credit can be taken only after the payment is done. Hence, you could have taken the credit in May.
CAclubindia
