Dear Sir,
withing how much time payment to sevice vendors should be made to avoid reversal of service tax input credit taken as per service tax rules? This is not in relation to RCM.
Vivek Khakhkhar (Assistant Audit Manager) (201 Points)
11 December 2014Dear Sir,
withing how much time payment to sevice vendors should be made to avoid reversal of service tax input credit taken as per service tax rules? This is not in relation to RCM.
Rajesh Sharma
(Practicing CA)
(150 Points)
Replied 15 December 2014
The payment of the invoice needs to be made within 3 months from the date of invoice. Rule 4(7) of the Cenvat credit Rules, 2004