what treatment of service tax credit on Deffered exp

This query is : Resolved

Mahender Jain (Querist)
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27 March 2009 assume company bearing 10,00,000/- on Advert. which including 1,23,600/- as Service Tax and this advert. exp. will be write off in 4 years,

then how much amount of service tax credit taken in first year

can we take complete service tax credit in first year, or 1/4 of service tax credit taken in each year

SIDDHARTHA SANKAR ROY

SIDDHARTHA SANKAR ROY (Expert)
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27 March 2009 The entire amount of service tax paid on advertising can be taken to book in the first year provided you pay the entire amount in the same year and advertising qualifies as your input service.