Cenvat credit
This query is : Resolved
RAJESH GUPTA
(Querist)
24 July 2014
can service tax credit be taken immidiately on receipt of invoice.if not then what accounting treatment to be done on receipt of invoice.
CA Vikas Acharya
(Expert)
25 July 2014
yes it can be taken immediately on receipt but payment of service tax and service value to be paid within 3 months to the service provider, otherwise reverse the credit
CA Vikas Acharya
(Expert)
25 July 2014
yes it can be taken immediately on receipt but payment of service tax and service value to be paid within 3 months to the service provider, otherwise reverse the credit
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