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Cenvat credit of service tax paid

This query is : Resolved 
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(Querist)
18 February 2009 whether an assessee can take full credit of input service tax paid on expenses which are partly treated as prepaid (insurance premium) or he have to wait till next year in respect of that prepaid portion.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
18 February 2009 service tax on payment basis so you have paid. now you can take cenvat credit of service tax.

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