20 February 2013
My co. is not providing any output service during the FY 2012-13 but it is registered under service tax now can my co. book the credit of service tax paid on services consumed by it and utilise it in the next period against its output service tax liability or can claim the refund of it.Please explain with relevant section.
22 February 2013
NO. You can not claim refund of Input Service tax consumed. You can c/f the same for discharging the output service tax liability of next FY.
Reference :- Rule 5 of Cenvat Credit Rules 2004 Rule 2(l) of Cenvat Credit Rules 2004
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