service tax left to claim in return
This query is : Resolved
07 July 2011
Dear sir,
We are doing works contract.
In the return filed for 2009-10, one credit of service tax paid by us to sub contractor was left out to claim ? How can I get the credit of this amount ?
We are doing works contract.
In the return filed for 2009-10, one credit of service tax paid by us to sub contractor was left out to claim ? How can I get the credit of this amount ?
08 July 2011
There is no provision in Cenvat Credit Rule which restrict to availment of earlier year Input Credit. The rule provides that Credit should be taken within reasonable time. Claim the missed input credit in the current month & disclose it during the filing of your half yearly ended on 30th Sept'11 Return. You must ensure other requirements for availing Input Credit like payment of Invoice etc...
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08 July 2011
thank you.
But you mentioned that as per rules, credit should be taken within a reasonable time. What time limit is given in the rules ? pl guide & which rule I should refer for the same ?
But you mentioned that as per rules, credit should be taken within a reasonable time. What time limit is given in the rules ? pl guide & which rule I should refer for the same ?
08 July 2011
Reasonal time we can construed as 3 -4 years also. There is no issue at all.
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