Input Credit
This query is : Resolved
29 January 2009
Dear Experts,
If a company is not yet registered for service tax, can they carry forward input credit in order to set off future liabilities? Is there any specific condition regarding this? (like certainty to provide output service in near future?)Can you provide sections also.
Thanks in advance.
If a company is not yet registered for service tax, can they carry forward input credit in order to set off future liabilities? Is there any specific condition regarding this? (like certainty to provide output service in near future?)Can you provide sections also.
Thanks in advance.
29 January 2009
If there is no liability on the date of receipt of inputs, Cenvat is not available.
29 January 2009
Thank You.
29 January 2009
earlier discussed see by this link
https://www.caclubindia.com/experts/experts_message_display.asp?group_id=30206
https://www.caclubindia.com/experts/experts_message_display.asp?group_id=30206
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