Query:- A Service provider, has not yet been finalised the Accounts for the financial year 2013-14. Now the Service Provider wants pay the Service tax liability for the financial year 2013-14 and also wants claim the input tax credit for Service tax paid on Purchases for the financial year 2013-14. Now the Organisation is loss making . Please suggest how to deal with such situation.
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Service tax input credt
Replies (1)
Maximum period for availing CENVAT Credit is one year. So avail CENVAT Credit accordingly and then adjust it with the service tax payable and pay the net amount through Bank.
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