Cenvat related

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 August 2011 Q1) If for example- current telephone bill is 500 + 150(Service tax), but total due is 2000 (including previous dues). And payment is made 2000. Should cenvat be 150 or on calculated by reverse method on 2000?

Q2) Payment is made on the basis of quotation basis, can cenvat be taken? (i.e is bill necessary)?

U S Sharma

U S Sharma (Expert)
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29 August 2011 1) 500+150 is the current bill so cenvat is 150, to avail the cenvat of old bills, old bills should be tagged with the payment.

2) within 14 days of payment bills should be there, and cenvat is available against the bills only.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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29 August 2011 For previous bill you must have taken the credit for service tax. If not then on the entire bill and the current bill credit is to be taken if credit has already been taken. It will be Rs. 150/- only.

For credit the bill is a must and payment thereof.

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