20 June 2008
we have a contract for 2 year. in which 1 year we raised bill of only labour i.e. 60% of contact with WCT and next year labour charges with service tax. so can we take the input of service tax in the 1st year as take the credit next year? if yes where we can show the input amt in b/s
23 June 2008
Dear friend, If you have surplus Input credit (benefit of which is not availed yet) in Ser.Tax, you can show under the head duties & taxes. (It will show Dr. Balance)
CAclubindia
