Cenvat credit
This query is : Resolved
Deepak Garg
(Querist)
07 November 2014
Sir, whether it is compulsory to take credit of service tax paid or not
If not, then the whole amount (inclusive of service tax )should be debited to P&La/c
If not, then the whole amount (inclusive of service tax )should be debited to P&La/c
Ganeshbabu K
(Expert)
07 November 2014
Yes,
If credit not taken due to ineligible or other reason you may debit the same to profit and loss account
If credit not taken due to ineligible or other reason you may debit the same to profit and loss account
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