Cenvat Credit paid on Expense
This query is : Resolved
03 December 2010
Hi,
we had Paid 50% advance on Perfoma Invoice to Vendor that Include Service tax Amount but bill will be receive later.
my query is can i take service tax cenvat credit on basis of paid advance on perfoma invoice.
or i have to wait for bill after booking i will take cenvate credit.
Plz suggest it;s very urgent
Thanks
we had Paid 50% advance on Perfoma Invoice to Vendor that Include Service tax Amount but bill will be receive later.
my query is can i take service tax cenvat credit on basis of paid advance on perfoma invoice.
or i have to wait for bill after booking i will take cenvate credit.
Plz suggest it;s very urgent
Thanks
Madhukar N Hiregange
(Expert)
05 December 2010
only based on bill of party.
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