Service tax input credit
ANIL PASUPULETI (articled assistent) (99 Points)
27 September 2016ANIL PASUPULETI (articled assistent) (99 Points)
27 September 2016
CA Tanvi Sheth
(Consultant)
(232 Points)
Replied 28 September 2016
You can avail the Credit of Input Service tax and can utilise it in future years.
There is no time limit for using the Credit.
Please refer ammendment in third proviso to rule 4(1) of Cenvat Credit Rules, 2004, vide notification 6/2015-CE(NT) dated 01-03-2015
But without Output service tax you cannot utilize it.
So kindly avail it and keep it as debit balance i.e CENVAT CREDIT to be utlised in your financial statements
ANIL PASUPULETI
(articled assistent)
(99 Points)
Replied 29 September 2016
Thanks a lot CA Tanvi Sheth sir.
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