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Credit on advance payment

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(Querist)
15 December 2012 Dear Sir,

Whether we can avail service tax credit on advance payment, even we have not received services.

Regards,
Priyank Jain
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Kaushik Vinod

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Kaushik Vinod (Expert)
16 December 2012 Hi Priyank,

The CENVAT is allowed on or after the day when you receive the invoice/bill/challan.

Ask from your service provider to give invoice for the advance payment to book the credit.

Thanks

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