Cenvet Credit
This query is : Resolved
17 June 2010
Hi,
If i had paid to vendore by cash,so can i take service tax credit or not.
Becuase at the time of booking expesne i had Debit the service tax, so at the time of payment i am doing same service tax in credit for taking cenvat credit.but i had done payment to vendore by cash.
and what about if i paid part amount by cash and part amt by Chq.
Plz suggest me
Thanks
If i had paid to vendore by cash,so can i take service tax credit or not.
Becuase at the time of booking expesne i had Debit the service tax, so at the time of payment i am doing same service tax in credit for taking cenvat credit.but i had done payment to vendore by cash.
and what about if i paid part amount by cash and part amt by Chq.
Plz suggest me
Thanks
17 June 2010
Payment is important for S.Tax Credit.
The mode of paymt is relevant only for its allowability under income tax.
You can take credit to the extent of payment made (whtr cash/chq).
The mode of paymt is relevant only for its allowability under income tax.
You can take credit to the extent of payment made (whtr cash/chq).
17 June 2010
AGREE WITH PUNITJI
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
