I received a bill of Rs 88240.00(80000.00+stax rs 8240.00) on 9th Jan 2010 and paid rs 39200.00 after deducting Tds 2% (Rs 43556-TDS Rs 4356) on 24th Jan 2010 and balance was paid Rs 40216.00 on 1st April 2010.Now quries are
1.Can I claim cenvat credit on part payment? if yes,then on which amount I claim Either Rs 43556.00 or Rs 39200.00 2.If i can't calim cenvat creit. when shall I claim cenvat credit
02 April 2010
Assuming that you paid the TDS in time you are eligible for proportinate ST on Rs 43,556'/- amount including TDS. When you pay the balance you will be eligible for the balacne ST.
CAclubindia
