Credit of service tax paid on input services
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2012
I am enjoying benefit of SSI Notification, upto January 2011 my taxable income is less than Rs.10 Lacs but in feb it crosses Rs. 10 lacs.
Now on crossing the limit of Rs. 10 lacs i have to make payment of service tax on income over Rs. 10 Lacs.
Since i m individual assessee so i have to make payment quarterly, Now my question is for paying service tax i can claim cenvat credit of service tax paid on input services of (1) full quarter (from jan to march) or (2) for feb & march since income cross Rs 10 lacs in month of feb.(3) there is any other option.
please reply soon experts.
Now on crossing the limit of Rs. 10 lacs i have to make payment of service tax on income over Rs. 10 Lacs.
Since i m individual assessee so i have to make payment quarterly, Now my question is for paying service tax i can claim cenvat credit of service tax paid on input services of (1) full quarter (from jan to march) or (2) for feb & march since income cross Rs 10 lacs in month of feb.(3) there is any other option.
please reply soon experts.
18 February 2012
Cenvat credit of Only Feb & March canbe taken......As per notification No. .6/2005-ST as amended Credit can be taken of input service only when you start paying service tax....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Taxability of credit in canara bank ET & T section (NRO)
- Gst on travel by air for business purposes
- Banking Related Issue
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
