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credit of service tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 March 2011 sir,

from the f/y 11-12, service tax credit would be taken on accrual basis....

so, credit of service tax amount not utilised shown in 31-03-2011 can be taken in 11-12 on accrual basis
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Porwal Consultancy

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Porwal Consultancy (Expert)
13 March 2011 I think some point is missing in your query, payment of service is on accural basis. AS per CCR,2004 credit can be availed after making payment to service provider.Hope, I am clear.

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