Cenvat on payment of service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 April 2012 A service provider has received the telephone bill dated 6th April 2012. Billing period is 5th March to 4th April 2012. Payment is made on 15th April 2012. Can the service provider claim CENVAT on proportionate basis for March 12 and April 12 OR the entire credit is to be claimed in April 12.

CA Nikhil Jhanwar

CA Nikhil Jhanwar (Expert)
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17 April 2012 As per amendments by Finance Act, 2011, now credit in respect of input service is allowed on receipt of invoice (previously it was allowed only after making payment). But since you have received invoice in April 2012 credit can be claimed only in april 2012 and not in March 2012

Querist : Anonymous

Querist : Anonymous (Querist)

17 April 2012 Thanks a lot.

Best Regards

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