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1st time Service tax credit ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 January 2011 We are still under the exempted turnover (less than 10L), & is expecting to cross the same in next month.

From when can we claim the credit for service tax on inputs ?

Means, after we start charging & recovering service tax OR, the input service tax paid in current period, can also be claimed against future ST payments ?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
25 January 2011 If the service tax on input has been paid after the date of taxable turnover, input credit may be received.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
25 January 2011 Registered your self with service tax and collect service tax and pay your libility.
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