adjustment of service tax
This query is : Resolved
01 July 2010
whether service tax credit of P.Y. is to be setoff among the current year service tax payable?
01 July 2010
Yes.
Balance of cenvat credit carried forward from previous year can be adjusted against tax payable for the current year.
Balance of cenvat credit carried forward from previous year can be adjusted against tax payable for the current year.
01 July 2010
agreed, Balance of Service Tax Credit a/c can be utilized for current year and for next year. there is no time limit for utilization of it.
01 July 2010
Please confirm me that if I have paid a bill including Service Tax in April, 10 and has deposited my 1st Quarter Service Tax without adjusting that amount. Still can I take credit in Quarter 2.
01 July 2010
Sure , You can take credit and agree with above experts view
02 July 2010
AGREED, YOU CAN TAKE IT.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Rental income gst and it purpose
- EPF FULL & FINAL RULES IN 2026
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Experts need help
- Management System (IMS)
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
