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Input credit paid before invoicing for services

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 April 2012 Hi,

Although we have commenced providing services in FY 2011-12, we have not invoiced or booked any income during the said period.

During FY 2011-12, we have paid service tax on various input services (mainly rentals) which services are being used for provision of services.

Can this input credit be claimed, given that no output service tax will be shown in the return?

Thanks
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CA NIKHIL OZA

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CA NIKHIL OZA (Expert)
23 April 2012 such credit could be claimed only against s.tax liability of such service..
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 April 2012 Thanks CA Nikhil Oza.

Can we claim the input credit and adjust against future service tax liability?

Thanks
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CA NIKHIL OZA

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CA NIKHIL OZA (Expert)
23 April 2012 yes u can claim against future liability provided such input services are used in providing output services ...

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