11 May 2012
IF IN CASE OF COMPANY PAYMENT OF SERVICETAX IS NOT MADE IN JANUARY,FEBRUARY & MARCH. NOW, THERE IS CENVAT CREDIT AVAILABLE FOR THE TELEPHONE BILL IN MARCH. SO, CAN WE UTILISE SUCH CREDIT OF MARCH CENVAT FOR SERVICE TAX ON BILLS RAISED IN JANUARY OR FEBRUARY?
11 May 2012
Dear Friend, According to CENVAT Credit rules, you can utilize the credit earned during the month against the liability of tax payment. The CENVAT Credit of previous month is to be utilized in the same month. Thanks
CAclubindia
