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CA Pintu Mishra (Querist)
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18 June 2010 Weare a service providers.weincurred cost since october and started raisinbg invoice from Jan. Can i get credit for whatever i paid for services which recd? and also want know can be carry farward service tax credit? if yes for how long?

CA.Hanumantha Reddy

CA.Hanumantha Reddy (Expert)
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18 June 2010 Have you availed the basic exemption limit of Rs 10 laks. if not so then you can claim the service tax paid from the day one. About carry forward, there is no time limit as such so that you can carry forward end number of years

CA Pintu Mishra

CA Pintu Mishra (Querist)
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18 June 2010 Thanks for your response sir.
our liability is around 40 lakhs, so can we have credit of input services which we paid before the month from which we started to raise invoice?

CA.Hanumantha Reddy

CA.Hanumantha Reddy (Expert)
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22 June 2010 Yes you can take

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