Carry Forward of Service Tax Input
This query is : Resolved
ANSHUMAN KHANDELWAL
(Querist)
01 April 2008
my company has not registerd in service tax till yet.now we r proposing for registration.now Is it possible to accumulate all credits now & take credit when registration process completed ?wht abt if F.Y. change ?
02 April 2008
There is no provision to c/fwd the credit, unles there is a liability on hand.
There is no specfic provision in the act for previous period credit, however there are ample judgement in Cenvat credit rules for excise duty.
It is debateable. But going by the current provisions unless you are registered and providing output service and registered under the act, cenvat credit is not permissible
you may take the credit but do not utilise, then intimate the jurisdictional authorities for such availment and wait for them to respond, if they reject you can debate
There is no specfic provision in the act for previous period credit, however there are ample judgement in Cenvat credit rules for excise duty.
It is debateable. But going by the current provisions unless you are registered and providing output service and registered under the act, cenvat credit is not permissible
you may take the credit but do not utilise, then intimate the jurisdictional authorities for such availment and wait for them to respond, if they reject you can debate
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