Hi all,
The co had paid Insurance premium of RS 816200+ ST + Cess (12.36%)100882 = 917082/- in FY 12-13.
Prepaid Insurance is for 7 months.
in this case, when is the service tax input to be claimed????
2 Replies
Sanket Gada
(Sr. ERP Consultant & Tax Consultant)
(241 Points)
Replied 03 September 2013
Credit of service tax is based pn.credit or payment whichever is earlier
CA BINIT SHAH
(ERP Consultant & Tax Consultant)
(411 Points)
Replied 03 September 2013
You can claim the full service tax paid as the rule is credit or payment which ever is earlier.
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