Admissibility of CENVAT CREDIT of Service Tax
This query is : Resolved
26 February 2010
Facts of my Query are -
1. Liability to pay Service Tax arose in the month of April 2009. However, Service Tax is paid in the month of Jan 2010 along with interest thereon.
2. CENVAT Credit is available on Input Services received in the month of Jan 2010.
Can I set off the CENVAT Credit which is received in the month of January 2010 from the tax liability of April 09 ?
Thanks & Regards
1. Liability to pay Service Tax arose in the month of April 2009. However, Service Tax is paid in the month of Jan 2010 along with interest thereon.
2. CENVAT Credit is available on Input Services received in the month of Jan 2010.
Can I set off the CENVAT Credit which is received in the month of January 2010 from the tax liability of April 09 ?
Thanks & Regards
26 February 2010
Input should arise first and then it should be followed by out put.
In you above case you are quoting out put is first followed by input. You cannot set off.
In you above case you are quoting out put is first followed by input. You cannot set off.
26 February 2010
no, since the ST return is to be filed half yearly and the liability to pay tax is monthly for company and quaterly for others,so, you can not adjust cenvet cr of jan.10 to that of apr.09
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
- Post Office RD Interest
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Applicable TDS for Purchase of Flat from NRI
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
