Regarding service tax credit
shivam (article) (32 Points)
11 February 2016shivam (article) (32 Points)
11 February 2016
CA Prakash N
(IDT - Hiregange & Associates)
(2 Points)
Replied 13 February 2016
Dear Mr. Shivam,
Very Good morning. Hope you are doing good.
Correct me if I am wrong in facts, your question is that you would like to seek remedy for credit missed out during April 15 to Sept 15.
For Input Service Credit: As per proviso to Rule 4(7) of Cenvat Credit Rules, the manufacturer or the provider of output service shall not take CENVAT credit after [one year] of the date of issue of any of the documents specified in sub-rule (1) of rule 9..
For Input credit: refer proviso to Rule 4(1).
Please note this condition is not applicable to capital goods credit.
Therefore, you can avail credit which was missed out during last half year and March ended, by this FY as its within 1 year time period.
shivam
(article)
(32 Points)
Replied 13 February 2016
shivam
(article)
(32 Points)
Replied 14 February 2016
CA Prakash N
(Head - Indirect Tax (GST & FTP))
(373 Points)
Replied 14 February 2016
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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