Urgent - service tax

This query is : Resolved

CA Deven (Querist)
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14 March 2014 Dear Sir,

One of our owner to whom we are paying rent has opted for VCES scheme now he is charging ST in the current year . Whether we can take the credit of earlier yrs rent paid service tax

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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14 March 2014 You can claim CENVAT credit on the basis of supplementary invoice raised by the service provider.

CA Deven

CA Deven (Querist)
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14 March 2014 dear Mr. Bhardwaj,

Can you tell me which provision allows us to take the credit of ST on rent paid of earlier yrs.

He has not charged earlier now caz he is goin for VCES charging for F.Y. 20011-2012, 2012-13. Please reply ASAP

Thanks a lot sir.

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CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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15 March 2014 Rule 9(bb) of the CENVAT Credit Rules, 2004 allows CENVAT credit on the basis of SUPPLEMENTARY INVOICE raised by the service provider.