Cenvet Credit
This query is : Resolved
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
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
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).
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).
17 June 2010
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