Cenvat Credit on Service tax

This query is : Resolved

Shobhit Jain (Querist)
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19 April 2011 1. A small scale service provider take registration of service in January 2011. Is he required to give detail of amount received from October to December while filing Ist half yearly return from October to March

2.Can he claim the input credit on service tax paid on rent payment as during the year he is small scale service provider and not liable to pay service tax

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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19 April 2011 As per Rule 4 (7) of the CENVAT Credit Rules, 2004, the CENVAT credit on input services is available only on or after the day on which payment of the value of input service and service tax is made. The section 67 (4) of the Finance Act, 1994, provides that gross amount charged includes payment made by issue of credit / debit notes or by entries in the books of account, where the transaction is with any associated enterprises.

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