banner_ad

Challange for you all expert

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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 ?
Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details