Service tax input

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2014 Hi,
I have a pvt limited co, for the month of April and May, I have excess service tax credit then payable, the difference amount comes to around 10000/-
For the month of June, I have to make payment of 7000/-
Can i take credit of 10000 of April and May, and if yes under what rule.

Thanks and regards

Annu Agarwal

Annu Agarwal (Expert)
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02 July 2014 Yes you can take credit of Rs 10,000.The same is permissible as per rule 6(4A)of service tax Rules 1994.
Also as per Notification No.03/2012 dated 17.03.2012
-Excessive service tax can be adjusted withot any limit.
-The adjustment is to be reflected in the service tax return.