02 February 2015
Dear Experts, Union Budget 2014-15 set a six-month time limit from the date of issue of invoice, bill of entry, challan, etc. to claim credit on inputs and input services. 1)So,would it apply to invoices, challans, etc. received before 1 September 2014 or only to documents issued after this date? 2)In case of partial reverse charge wherein both, the service provider and service receiver, are liable to deposit Service Tax, credit can be claimed by the service receiver if payment is made to the service provider and Service Tax is deposited. Here, can credit be claimed by the service receiver if the date of payment to the service provider and tax deposited is after six months from the date of invoice?