Cenvat on retention amount
This query is : Resolved
25 August 2008
suppose we availed service of Rs 100 + S.t 12.36 total amount of bill is 112.36
we processed the bill, but paid to party only 56.18 (50%) ,50% is retention money to be paid after one year .
can we claim cenvat credit for whole amount 12.36 ??
we processed the bill, but paid to party only 56.18 (50%) ,50% is retention money to be paid after one year .
can we claim cenvat credit for whole amount 12.36 ??
26 August 2008
no,u can't claim credit of service tax unless u make the payment .
26 August 2008
no, u cant't claim credit on 50% of retention amount unless untill you actually paid it.
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