Credit

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Abhijeet Khivansara

Abhijeet Khivansara (Querist)
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31 July 2013 i have paid service tax under reverse charge in month of March.
Can i utilize the same in month of April.

RENGARAJ R.K

RENGARAJ R.K (Expert)
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31 July 2013 YES, IT IS POSSIBLE. IN FUTURE, KINDLY SHOW SUCH REVERSE CREDIT IN ACCUMULATED CRDIT AND AVAIL IT IN THE SAME MONTH OR NEXT MONTH.

Abhijeet Khivansara

Abhijeet Khivansara (Querist)
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01 August 2013 Thanks Sir,

I have Accumulated RCM Credit from September 2012 to March 2013 an amount of Rs. 595000.
Now let me know can i carry forward the same amount to April 2013.

Please Guide.

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RENGARAJ R.K

RENGARAJ R.K (Expert)
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01 August 2013 yes. I hope you are not having any other services -exempted or trading. And you are keeping separate accounts for eligible inputs in relation to your output services.