CA Akhilesh Verma (Practicing Chartered Accountant) (55 Points)
26 November 2011Pls send me the link of notification in which it is said that cenvat of service tax receivable can be availed in accrual basis.
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 26 November 2011
Go to this link You will get more idea about it.....
THE PAYMENT OF SERVICE TAX IS SHIFTED FROM CASH BASIS TO ACCRUAL BASIS BUT STILL CENVAT CREDIT ON INPUT SERVICES CAN BE TAKEN ONLY AFTER MAKING PAYMENTS OF SERVICES AND ST THEREON. THIS HAS VERY ADVERSE IMPACT ON TRADE AND INDUSTRY.
https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=1188
EKALABYA TALUKDAR
(SERVICE TAX CONSULTANT)
(666 Points)
Replied 28 November 2011
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PLEASE GO THROUG THE OFFICIAL SITE OF CENVAT CREDIT
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CAclubindia
