Exemption available on accrual basis?
This query is : Resolved
05 June 2011
Now service tax is payable on accrual basis.
So is that the credit of input service tax is also now available on accrual basis or it is still available on payment basis? .
So is that the credit of input service tax is also now available on accrual basis or it is still available on payment basis? .
06 June 2011
available on payment basis
Message likes :
1 times
06 June 2011
But is it not that ideally credit should also should be allowed on accrual basis.
06 June 2011
It should have been allowed, but as on date there is no change in the Rules for input tax credit so till that time CENVAT Credit of input services should be availed on payment basis itself.
Message likes :
1 times
06 June 2011
Agreed with expert
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- 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
Trending Online Classes
CAclubindia
