Input tax credit

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pradeep (Querist)
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18 October 2012 BEING AN SERVICE RECIPIENT IS IT POSSIBLE TO CLAIM CENVAT CREDIT OF SERVICE TAX PAID ON THE SECUIRITY AGDENCIES AND DIRECTORS SITTING FEES IS THERE ANY PROVISIONS REGARDING THE CLAIMING OF CENVAT IN THE SERVICE TAX RULES IF YES HOW WE CAN PROCEED

CA Manish

CA Manish (Expert)
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18 October 2012 Yes, On the basis of payment challan Receiver can claim CENVAT credit.

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pradeep

pradeep (Querist)
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18 October 2012 Thank you sir, But please tell this is correct or not

1. Input tax credit on security A/c-- Dr

To service tax payable on said service a/c----

2. Service tax payable on said service a/c--
To bank

here input tax credit account is showing debit balance then how should we consider and avail such tax credit

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