Input credit

Kumar Gaurav (Going...to be C.A soon...)   (1624 Points)

28 July 2010  

Dear all

Suppose i have an output liability for service tax for the month of April is Rs. 50000/- and having an input tax credit is Rs. 100000/- for april month itself then should i adjusted all the output liablility from input or not more than 20% for that particular month

 

Thanks!