CENVAT Credit on Input Services
This query is : Resolved
Ravi Sodani
(Querist)
16 April 2010
Deal All
I wanted to know about CENVAT credit on Input Serivce which provided in the Month of March'10 but actual payment for the same made in the month of Apri'10, so can we take CENVAT credit in the month of March and what is the accounting Entry for the Same in Books.
Thanks a lot
I wanted to know about CENVAT credit on Input Serivce which provided in the Month of March'10 but actual payment for the same made in the month of Apri'10, so can we take CENVAT credit in the month of March and what is the accounting Entry for the Same in Books.
Thanks a lot
kartik_somu
(Expert)
16 April 2010
no.cenvat credit can be claimed only after payment.
in this case credit can be availed only in april
in this case credit can be availed only in april
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