Cenvet Credit

This query is : Resolved

Arvind (Querist)
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17 June 2010 Hi,
If i had paid to vendore by cash,so can i take service tax credit or not.
Becuase at the time of booking expesne i had Debit the service tax, so at the time of payment i am doing same service tax in credit for taking cenvat credit.but i had done payment to vendore by cash.

and what about if i paid part amount by cash and part amt by Chq.

Plz suggest me
Thanks

CA Punit

CA Punit (Expert)
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17 June 2010 Payment is important for S.Tax Credit.
The mode of paymt is relevant only for its allowability under income tax.
You can take credit to the extent of payment made (whtr cash/chq).

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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17 June 2010 AGREE WITH PUNITJI

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