I am working in a multinational co. engaged in trading activities and I want to get service tax registration. However no liability comes in near future since amount comes from serivice of electrical/electronic items is less than 10 lacs limits but I want to carry forward cenvat credit which I am paying service tax on various type of bills (consultant/advocate bills, contractor bills, telephone bills etc.). Can I get cenvat on whole service tax on above bills or in some percentage because all the bills are not related wholesole with the service doing iteself. Can I carry forward this service tax to next financial years so that when I shall have to pay service tax, I could adjust this service tax against cenvat? Pls. also suggest should I get registration or not.
anoop
CAclubindia
