Whether Cenvat on Input Services Will be available
1) After entering payment entry in system.
or
2) After clearance of Cheque in Bank.
With Regards,
CA Santosh
(Mob : 9224181559)
CA SANTOSH CHINCHKAR (CA) (35 Points)
04 February 2009Whether Cenvat on Input Services Will be available
1) After entering payment entry in system.
or
2) After clearance of Cheque in Bank.
With Regards,
CA Santosh
(Mob : 9224181559)
Kishan Kumar
(-)
(569 Points)
Replied 04 February 2009
CENVAT CREDIT `LL BE AVAILABLE ONLY AFTER CLEARANCE OF CHEQUE.,IF U R PAYING THROUGH CHEQUE.WHERE AS IN CASE OF CASH PAYMENT OR DD, CENVAT CREDIT WILL BE AVAILABLE UP ON PAYMENT.
CA CS Akashdeep Singh
(Practicing CA)
(1394 Points)
Replied 04 February 2009
| Originally posted by :SANTOSH BALKRISHNA CHINCHKAR | ||
| " | Whether Cenvat on Input Services Will be available 1) After entering payment entry in system. or 2) After clearance of Cheque in Bank. With Regards, CA Santosh (Mob : 9224181559) |
" |
CENVAT credit of input services available only on payment of input services not on passing just a entry in books
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 05 February 2009
In my view issue of the cheque would be the relevant date. Of course this is in normal course when the same is ent to the service provider or collected by him and not retained.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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