HI,
I HAVE A DOUBT REGARDING THE NEW AMENDMENT MADE IN SERVICE TAX.
WE ARE ALL AWARE THAT WE CAN TAKE CREDIT OF SERVICE TAX WITHIN SIX MONTHS FROM THE DATE OF INVOICE & IF THE PAYMENT IS NOT MADE WITHIN THREE MONTHS FROM THE DATE OF INVOICE THE SERVICE TAX AVAILED SHOULD BE REVERSED.
MY DOUBT IS REGARDING A CASE FOR EG:
I RECEIVE AN INVOICE DATED 01.01.2015, I HAVE NOT AVAILED NOR PAID THE PARTY UPTO 31.03.2015.
IN APRIL / MAY / JUNE 2015 CAN I AVAIL THE SAID CREDIT EVEN IF I HAVE NOT PAID THE AMOUNT TO THE PARTY? WHAT IS THE OPTION AVAILABLE IN THIS CASE?