30 March 2016
Is there amendment for service tax credit rule. Earlier service tax credit was allowed only after payment to service provider. Is their any change? can we take credit as soon as booked the service bill ?
12 April 2016
Service Tax credit can be taken based on bill provided bill is paid in 3 months. In case of service tax paid by service receiver under reverse charge then credit can be taken only after actual payment of service tax.
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