I received a service current financial year. But if I pay service tax in the next financial year, can i claim the cenvat credit in next year.
Amir
(Learner)
(4016 Points)
Replied 04 February 2010
Dear Dharmik,
Yes u r rite cenvat credit in respect of service tax can be availed only after payment of such service along with service tax..i:e in next year in ur example
C.Balaji
(Learner)
(1867 Points)
Replied 05 February 2010
agree with Mr.Amir...
Cenvat credit in respect of service tax can be availed only after payment of such service along with service tax
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 07 February 2010
In addtion the service should be one eligible as that which is used to provide taxable services liable to ST.