1st time Service tax credit ?
This query is : Resolved
Querist : Anonymous
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 ?
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 ?
25 January 2011
If the service tax on input has been paid after the date of taxable turnover, input credit may be received.
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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