Cenvat credit in service tax
This query is : Resolved
26 November 2012
Hi i have a doubt in cenvat credit for a private limited company ,
Here is a problem,
Service tax collected in july is Rs.20000, but not paid till november after that no service tax has been collected, service tax paid on july, august, september on some services like telephone comes to Rs.1800.
Now can we claim Rs.1800 as Cenvat Credit for service tax collected on july, the payment is to be made on november.
Here is a problem,
Service tax collected in july is Rs.20000, but not paid till november after that no service tax has been collected, service tax paid on july, august, september on some services like telephone comes to Rs.1800.
Now can we claim Rs.1800 as Cenvat Credit for service tax collected on july, the payment is to be made on november.
26 November 2012
No, You can not claim cenvat credit like this. You have to pay collected service tax in cash (along-with interest) after setting-off cenvat credit available upto the month July only.
Message likes :
1 times
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
