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CA Deven (Querist)
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19 February 2014 Dear Experts,

I have 1 query regarding Service tax.

Our one service provider has opted for VECS scheme and so he has charged service tax for F.Y. 2011-12, 2012-13 and of current yr till date now my ques. is whether the Service Tax pertaining to previous yr will be treated as prior period item ..as per my understanding it should not be treated as prior period since he has not charged in the previous yr so there is no error.

Also can we claim Input credit of that ?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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19 February 2014 1. It will NOT be prior period expense since he will raise a supplementary invoice in the current year.

2. You will be able to avail CENVAT credit of the additional service tax on the basis of the supplementary invoice as per rule 9(bb) of the CENVAT Credit Rules, 2004.

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